Treasury holds the line on auction sizes, will use ‘extraordinary measures’ around debt limit

Marketwatch.com ^ | 01/30/2019 | Greg Robb

[Drago]

The Treasury Department will auction $84 billion in notes and bonds next week in its quarterly refunding auctions, keeping the same size as in its prior offerings, the government said Wednesday.

With Congress facing a March 1 deadline to raise the debt limit, Treasury said that it can use certain “extraordinary measures” to continue to finance the government on a temporary basis. Treasury said it was too early to provide “a more precise forecast” on how long the extraordinary measures will last.

[Drago]

Here we go again, balance the darn budget already! Also: https://www.usnews.com/news/business/articles/2019-03-01/us-treasury-takes-first-steps-to-avoid-exceeding-debt-limit

[volunbeer]

Round and around we go and where it ends we all know.......

Good luck getting anyone in DC to stop spending. Everyone says yes to everything...... it’s the new normal. We are damning our children and grandchildren to a life of debt. It is why we do not have a budget anymore... it is easier that way.

[Theoria]

[Rurudyne]

The Keystone Keynesians — who spend more in bad times and view good times as an excuse to spend more — have been priming the pump so long it’s devolved into economic mastirbation.

[Rurudyne]

Darn typo ... how is it autocorrect seems to only jump in in order to screw something up?

[cba123]

I notice precious metals are down, pretty hard today.

Wonder if someone is selling precious metals, as a method?

(just wondering)

[DoughtyOne]

...Treasury said that it can use certain “extraordinary measures”

Almost sounds like they're declaring a National Emergency.