... because that's the size of the Treasury auction next week. John Jansen has the details.
$236B?!? Are you kidding me? Where are you going to get a quarter of a trillion dollars in one week to buy this debt? Any bets on higher interest rates out there?
Some perspective: the budget deficit for the entire year in 2006 was 248 billion.
ReplyDeleteBut seriously, we all know where the money's coming from, don't we?