Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Remember Those Big Federal Savings?


In Business This Week

REMEMBER THOSE BIG FEDERAL SAVINGS?

It seemed like a good idea at the time. But a move to more short-term borrowing by the Treasury Dept. won't save the $16.4 billion originally expected through 1998, the Clinton Administration now says. The White House budget office said on May 25 that eliminating the sale of seven-year notes, cutting 30-year bond offerings in half, and increasing borrowings of two- and three-year notes would save just $10.8 billion. The Congressional Budget Office puts the savings at a mere $6.4 billion. There will be no savings at all if short rates take off, as some private economists expect.EDITED BY JULIE TILSNER


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus