The U.S. Treasury more than tripled its planned debt sales for this quarter to help finance a 2009 budget deficit that bond dealers advising the department estimate may swell to almost $1 trillion. The sale of debt would hope to thaw the frozen credit market. This increase in the projected deficit has been icing on a cake of financial turmoil.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aLx_ufXAnIqE&refer=home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment