Page 2 - While Treasury News Today

<p><span>The U.S. Department of the Treasury is offering $96 billion of Treasury securities to refund approximately $67.1 billion of privately-held Treasury notes and bonds maturing on February 15, 2023.  This issuance will raise new cash from private investors of approximately $28.9 billion. </span></p>

Speaker Kevin McCarthy and President Joe Biden face their first major legislative clash as they prepare to do battle over whether or not to increase the countrys $31.4 trillion debt limit. 

Congress and the White House are on track for a major clash this summer, with the nation set to hit the debt limit January 19th, and extraordinary measures that will last just months.

<p><span>Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt limit.</span></p>

<p><span>Let me begin by thanking SIFMA for inviting me to speak at today’s meeting.  In my remarks, I will focus on the progress made by the official sector towards enhancing the resilience of the Treasury market.</span></p>

While TIPS can help provide a degree of safety in a market environment where rates are rising, they aren't completely immune to the woes in the bond market.

NACo has created FAQs to help answer some common questions about the Recovery Fund | Tax & Finance

<p><span>hairwoman Waters, Ranking Member McHenry, and other members of the Committee, thank you for the opportunity to testify this morning on stablecoins. </span></p>

At the end of last year, the incoming Biden-Harris administration announced that it was planning to conduct a comprehensive review of U.S. sanctions policy and implementation.

The U.S. Treasury is now paying 7.12% annual interest on I bonds, a nearly risk-free investment, for the next six months. Here’s what to know before buying.