Army Gives Out $500,000 Armored Trucks for Free

Feb. 26 (Bloomberg) -- The U.S. Army is giving away 13,000 armored trucks, worth about $500,000 each. The 20-ton MRAPs, or Mine-Resistant Ambush-Protected trucks, were built specifically to save U.S. soldiers from roadside bombs in the Iraq and Afghanistan wars. Now the trucks are patrolling U.S. city streets. U.S. law enforcement agencies have received the lion’s share of this high-powered military surplus. (Source: Bloomberg)
China Said to Sell U.S. Treasuries This Month
52:33 - Bloomberg has learned that China has indeed been reducing its hoard of U.S. Treasuries, confirming intense speculation in the market. Bloomberg's David Ingles reports on "First Up." (Source: Bloomberg)
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