Detailed text transcripts for TV channel - CNN - 20190130:10:57:00
Went down. for the second year in a row, the u.s. treasury will have to borrow at least $1 trillion to pay for the growing budget deficit. why is the deficit growing? the government spends more than it takes in. it increased the deficit by $300 billion. the u.s. deficit rose 17% to $779 billion last year. the highest since 2012. the u.s. treasury is borrowing to make up that shortfall. the highest borrowing since 2010 and a sharp spike from the $546 billion it borrowed in 2017. don't forget, the u.s. is currently waging a trade war with china. china held $1.1 trillion u.s. treasury bonds. an...