Why the U.S. government would sell bonds that don't need to be paid back

It could help the federal government deal with the debt mountain it's amassing from COVID-19 spending.
Long-term bonds would help the Treasury borrow while locking in the current low interest rates.
Alastair Pike/AFP via Getty Images

Treasury expects to borrow $3 trillion over next 3 months

That's almost triple what the Treasury borrowed in the 2019 accounting year.
The Treasury needs the money to pay for all of the new stimulus spending to keep the economy afloat during the COVID-19 crisis.
Mandel Ngan/AFP via Getty Images

Mnuchin: New sanctions coming for Russia, North Korea

Feb 26, 2018
The treasury secretary also touched on Dodd-Frank, trade agreements and the tax overhaul in a wide-ranging interview with Kai Ryssdal.
Addressing a crowd of both students and visitors, Treasury Secretary Steven Mnuchin was joined by Marketplace host Kai Ryssdal at the UCLA Burkle Center for International Relations in Los Angeles on Feb. 26. 
Courtesy: UCLA

What will rising bond yields mean if the economy keeps heating up?

Feb 13, 2018
The Fed is expected to raise interest rates multiple times this year, which could affect interest rates and yields in the broader bond market. Today a top bond trader at Goldman Sachs forecast the yield on the 10-year Treasury will rise to as high as 3.5 percent by the summer. We haven’t been in a […]

Global economy hazard lights flash as U.S. bond yields fall

Apr 19, 2017
Treasury yields have dropped to the lowest they’ve been since November. What’s driving rates down? And what does that mean for U.S. consumers, U.S. businesses and the chair of the Federal Reserve?  Click the audio player above to hear the full story.

The Volcker Rule may see some changes

Jan 20, 2017
Treasury secretary nominee Stephen Mnuchin hinted yesterday that he wants to simplify the Volcker Rule.

Advocates for the unbanked worry about the Trump era

Jan 13, 2017
The Obama Treasury Department made financial inclusion a priority. Will Trump?
Steven Mnuchin walks into Trump Tower on December 12, 2016 in New York City. He is President-elect Donald Trump's nominee for treasury secretary.

 
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Outgoing Treasury Secretary Jack Lew talks legacy and economy's future

Jan 11, 2017
"The fact there hasn't been a financial crisis is not a reason to unwind what we've done."
Treasury Secretary Jacob Lew addresses the media after visiting the Marian Anderson Residence Museum to discuss her inclusion on the $5 bill October 21, 2016 in Philadelphia, Pennsylvania. 

 
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Trump's economic vision comes into shape

Nov 30, 2016
What will the appointments of Steve Mnuchin and Wilbur Ross mean for a Trump economic plan?
President-elect Donald Trump and Vice President-elect Mike Pence pose for a photo with Wilbur Ross a the clubhouse of Trump National Golf Club November 20, 2016 in Bedminster, New Jersey. 
DON EMMERT/AFP/Getty Images

Treasury Secretary Jack Lew on Apple's tax bill and the next financial downturn

Sep 13, 2016
The US may be safer financially than it was eight years ago, but is it strong enough to weather weakness from around the world?
U.S. Secretary of the Treasury Jacob Lew attends a round table discussion during a visit to Hong Kong in March this year. 
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