The U.S. Treasury Department plans to sell $74 billion in its quarterly sales of long-term debt next week, as lower projected budget deficits allow the government to reduce borrowing at a “gradual pace.”
The Treasury is starting to scale back auction sizes, after expanding debt sales to finance annual budget deficits exceeding $1 trillion for the [...]
Posts Tagged ‘US Finance’
U.S. Treasury to Sell $74 Billion in Long-Term Debt Next Week
August 4th, 2010 by Financial Writer
Tags: borrowers, economic growth, economic recovery, federal economic, financial, Global Economy, US Finance, us treasury
more...Federal Deficit Hits Record $1.1 Trillion
July 13th, 2009 by Financial Writer
Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time.
The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. There’s also concern about trying to reverse the deficit — by reducing government spending or raising taxes — in the [...]
Tags: federal deficit, US Finance
Stocks fall on inflation, interest-rate jitters
June 10th, 2009 by Financial Writer
The stock market has a new priority: interest rates.
Stocks fell moderately Wednesday after the government sold $19 billion in 10-year Treasury notes in a relatively weak auction. There were plenty of bidders, but the government had to lure them with a higher yield than the market anticipated.
The Dow Jones industrial average slipped 24 points.
Investors are [...]
Tags: interest rates, stock market, US Finance, USA Inflation