Detailed text transcripts for TV channel - MSNBC - 20180217:17:37:00
Spending by $400 million over the next two years. newly-enacted tax cuts are set to add $1.5 trillion to deficits over the next ten years. the u.s. treasury expects to double what it borrows this year compared to last in large part because of the drop in tax revenues. all told, the federal government has run up $20 trillion in debt which has gone to pay for wars in the middle east and combat recession at home. the u.s. government now spends more than 6% of its budget to service that national debt. but with borrowing forecasts increasing, and rates inching upward, that share is expected to doub...
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