Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

will the Federal Reserve Bank, Inc. ever refuse to loan anymore money to the US gov.? if so, what then?

after however many TRILLIONS of dollars we have borrowed thus far this year,,,,what about next year? and next year and next year?  will they just keep loaning out money to the US gov. even though the US currently is 30 trillion in debt or something like that?

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  • 1 month ago
    Favorite Answer

    They print it to loan it.  What do they care?  Note:  The US can remove that ability as well, so they really can't refuse.

  • 1 month ago

    No.  The Federal Reserve Bank (which is not "Inc") knows that the U.S. can always print money to pay whatever it owes.  It also knows that if they refused to loan to the U.S. government, there would be very negative economic implications.

  • Bryce
    Lv 7
    1 month ago

    The world doesn't have enough trillions of dollars to keep buying the ever increasing US federal debt of $27 trillion.  2020 Revenue: $3.42 trillion.  Deficit: $3.1 trillion.  That means for every dollar the US federal government spent in 2020, $0.48 was borrowed.

  • Anonymous
    1 month ago

    when? not in the near future.

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  • Anonymous
    1 month ago

    Trump cant get a dime.

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