U.S. Treasury borrowings from depositories are closely monitored by Congress and usually allowed only in times of "national emergency" such as a major economic recession.

Question

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U.S. Treasury borrowings are a regular part of managing the federal government's finances and funding its operations, not limited to times of "national emergency" or major economic recessions. They are conducted through the issuance of Treasury securities, such as bills, notes, and bonds, to finance the government's debt and obligations.

US Treasury Borrowings from Depositories Are Closely Monitored by Congress