Evan Vucci, Associated Press
WASHINGTON — The Treasury Department says it could begin decreasing the size of some of its debt auctions in coming months based on an improving deficit situation that will allow it to pay back some of the national debt this quarter.
Treasury said Wednesday that any decrease in the size of the Treasury securities it sells to raise money to finance government operations will be gradual and investors will be alerted to the changes. Treasury said for the current April-June quarter it plans to pay down $35 billion of the national debt, the first time it has reduced the debt in six years.
That pay down will be only temporary and reflects in part higher tax revenues in April. Treasury projected that borrowing will increase by $223 billion in the July-September quarter.
- How much money should you be saving from each...
- Happiness research inspired one business...
- Are you ready to start using a digital wallet?
- Airline industry is least liked industries in...
- April 15 may be Tax Day, but Tax Freedom Day...
- Why do only half of Americans invest in stocks?
- University of Utah commits to buying more...
- Did you file your taxes jointly or...
- Happiness research inspired one... 13
- EnergySolutions shouldn't store uranium... 8
- Why do only half of Americans invest in... 5
- Contact lens makers sue Utah over... 4
- Airline industry is least liked... 4
- Did you file your taxes jointly or... 4
- University of Utah commits to buying... 3
- Leadership touted at governor's... 3