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Posts Tagged: “U.S. Treasury“

Washington Joins Tokyo in Rare Yen Intervention; Gold Gains on Currency Uncertainty
In an unexpected echo of the 1990s, the U.S. Treasury on July 31st directed the New York Fed to sell euros and purchase Japanese yen, marking the first outright yen-buying intervention by the United States since 1998. Tokyo’s Ministry of Finance had already entered the market earlier that day, and Washington’s involvement turned the move […]

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Treasury Has Paid Out $941B in Interest Over the Last 12 Months
The government hit the debt ceiling back in January and has been pursuing extraordinary measures since. This usually means dipping into things like Civil Service Retirement funds to free up cash and avoid borrowing any more money.
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