Alan Blinder

The US has said that he wants me. a record $3tn (£2 4tn) in The Second quarter, as the coronavirus-related rescue and blow the budget.

The sum is More Than five times the previous quarterly record and is The Height of the financial crisis of 2008.

In all of 2019, the country borrowed $1. 28bn.

The US has approved over $3tn in virus-like discharge, including health promotion and direct subsidies. Overall, the state debt of the USA is now in the vicinity of $25tn.

The packages are expected to be worth about 14% of the country's economy. The government extended the annual April 15 deadline for tax payments by The Cash -crunch.

The new debt estimate of More Than $3tn over the government of the previous estimate, A Sign for the impact of the new programs.

discussions are underway on a further support, although some Republicans have expressed concerns about the impact of more spending on the country's exploding national debt.

The United States borrows through the sale of state bonds. It is historically relatively low interest rates enjoyed has to be regarded as his fault, which is considered relatively low risk by investors around The World .

the Land is, However, still had loaded in front of the coronavirus, debt was climbing in the direction of levels that many economists consider a threat to the long-term growth, as the country spent More Than it has taken.

The US Congressional Budget Office last month forecast the budget deficit to $3 would meet. 7tn this year, while the Government Debt rose to over 100% of GDP.

last week, the Chairman of the American Central Bank , Jerome Powell , said he would like to see the U.S. government will the books be in a better position prior to the pandemic.

However, He Said , the expenditure now was crucial for mitigating the economic impact of closing the orders, to slow companies, the spread of The Virus cost millions of people their jobs.

"It may well be that the economy will need more help from all of us, if The Recovery is robust," He Said .

As part of its relief efforts, the Federal Reserve has bought More Than $1tn in treasuries in the last few weeks.

foreign investors are also historically significant holders of US debt, with Japan, China and the UK at The Top of The Pack in February.

the increasing tensions between the United States and China in the last few years have re-control of America's debt. According to the Washington Post last week, trump administration officials to cancel debt obligations for China, but also US President Donald Trump had discussed allegedly with the idea to say "you start to play these games and it is hard belittled".

now, the persistent low prices of investor appetite for US to suggest bond remains, so that for a credit increase, Alan Blinder , professor of Economics and public affairs at Princeton University , told The Bbc last month.

"So Far , The Answer is everything is fine can, how much the borrowing of the government of the United States do to feel before the investors start, saturated with U.S. debt," He Said . "But it is a legitimate Question . "

Source of news: bbc.com