WASHINGTON (AP) — The Treasury Department will boost the number of times it auctions 30-year bonds to 12 times a year in another move to cope with the government’s soaring debt.
The monthly auctions of 30-year bonds follows Treasury’s decision just three months ago to double the frequency of the auctions from four times annually to eight.
Treasury also says it will raise a record $71 billion in a series of auctions next week. The upcoming quarterly refunding will include auctions of three-year and 10-year notes and the 30-year bond.
First 100 Days
Day 100: Treasury again increases auctions of 30-year bonds
- First 100 Days
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- Day 100: Congress looks to bolster Iran sanctions Congress is taking up a bipartisan proposal which would give the Obama administration more leverage over Iran by toughening economic sanctions on foreign oil and shipping firms that aid Tehran.
- Day 100: Obama: Schools with infections may need to close President Barack Obama suggested Wednesday that school closings may be necessary, in an escalating global health emergency that claimed the first death in the United States and swept Germany onto the roster of afflicted nations.
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Day 100: Obama, Biden, welcome Specter to Democratic Party
President Barack Obama on Wednesday hailed Arlen Specter’s conversion to the Democratic Party, while Specter vowed that he’ll be an asset as Obama tries to get his ambitious agenda through Congress.
Obama said, “I am grateful that he is here.” - Day 100: Treasury again increases auctions of 30-year bonds The Treasury Department will boost the number of times it auctions 30-year bonds to 12 times a year in another move to cope with the government’s soaring debt.
- Day 100: Obama: Schools with infections may have to close President Barack Obama said Wednesday that schools with confirmed cases of swine flu should consider closing.
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Day 99: Obama’s to visit FBI headquarters on Tuesday
President Barack Obama meets with FBI Director Robert Mueller and other top FBI officials at the agency’s Washington headquarters on Tuesday.
Later, the president will speak to FBI employees. - Day 99: Gov’t: Stern border enforcement not yet necessary Homeland Security Secretary Janet Napolitano said Tuesday the policy of passive surveillance for swine flu at U.S. airports and land ports “makes sense” and sterner steps are not yet necessary.
- Day 99: FDA approves emergency rules for antiviral drugs The Food and Drug Administration has issued emergency guidance that allows certain antiviral drugs to be used in a broader range of the population in case mass dosing is needed to deal with a widespread swine flu outbreak.
- Day 99: First lady to honor abolitionist Sojourner Truth Sojourner Truth, a former slave who met with Abraham Lincoln and was an early crusader for women’s right to vote and an end to slavery, is the first black woman to be honored with a bust at the Capitol.
- Day 99: PROMISES, PROMISES: Miles to go, promises to keep President Barack Obama has not yet achieved the big campaign promises he’ll be judged on years from now, on health care, war, the economy and so much more. It’s early, it’s a colossal load and Rome wasn’t built in 100 days.
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