Treasury Studying ‘Novel Approaches’ to Sell Debt
Dec. 10 (Bloomberg) — The U.S may introduce new financing methods to sell a record amount of debt 
needed to pay for as much as $2 trillion in borrowing needs this year, Treasury’s debt-management chief said.
“Treasury needs to be prepared to meet additional financing needs if necessary,” Treasury Assistant Secretary Karthik Ramanathan said in a speech today in New York. “This challenge may require novel approaches to debt management.”
Ramanthan said public spending and a slowing economy will require “conventional” ways to raise money — increasing the size and frequency of debt issuance, selling cash-management bills when short-term funds run low and reintroducing securities when necessary. He said debt sales may occur “in a short period of time.”
Credit Card Debt Consolidation
