Republicans, Back In Power, Running Up The Tab, Again

The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year

The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.

In a report this week, the CBO said tax receipts are going to be lower because of the new tax law.