Economics
The Treasury’s Secretive Bond Whisperers Are More Crucial Than Ever
- As U.S. deficits spiral, TBAC advice is key to debt management
- Committee members include Wall Street’s most influential firms
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Every three months, they come to the nation’s capital to gather at the iconic Hay-Adams hotel, just steps from the White House.
Here, 12 men and five women, representing Wall Street’s most influential dealers and debt investors -- names like JPMorgan Chase, BlackRock and Citadel -- meet with Treasury Department officials behind closed doors with one important purpose: to tell them how to manage America’s finances.