Treasury takes first steps under bailout

WASHINGTON, Oct. 6 (UPI) --

The U.S. Treasury said Monday it has taken its first steps under the $700 billion federal bailout bill signed into law Friday.

The Treasury said it was initiating the process of soliciting private help, including help from asset managers, "needed to conduct transactions on Treasury's behalf," a statement said.

The Treasury posted its section process on its Web site and said it would adjust its auction calendar and continue to increase auction sizes of bills and coupon securities.

In addition, the Treasury was considering a move in November to reintroduce the three-year note, the statement said.


Copyright 2008 by United Press International
All Rights Reserved.

Times of the Internet, now in Spanish


Published: Monday 06th of October 2008 02:46:37 PM
Print | Email Friend |
Receive updates via Twitter

Like this article? Then submit it to your favorite social network to share with others.
Bookmark and Share
Subscribe to Business RSS Feed: rss feed business
Read more news stories in business.

Read the last five articles in the BUSINESS category