Skip to main content
Advertising

Originally published Saturday, May 4, 2013 at 8:30 PM

  • Share:
             
  • Comments (0)
  • Print

US Treasury says debt auctions could be trimmed

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.

AP Economics Writer

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

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.

News where, when and how you want it

Email Icon

Enter to win!

Enter to win!

Share a photo of your holiday lights display and you may win a $100 Home Depot gift card.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►