Treasury triples planned debt sales to cover deficit

11/4/2008 | Bloomberg

The U.S. Treasury will borrow a record amount this quarter to finance the deficit. The Treasury tripled its planned debt sales to finance a 2009 budget deficit that could reach $1 trillion. "Treasury may need to address many different policy objectives" with its financing program, Anthony Ryan, the Treasury's acting undersecretary for domestic finance, told SIFMA last week.

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