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US could cut debt issues as deficit narrows

Agence France-PresseMay 1, 2013 10:15
The US Treasury said Wednesday that it could begin cutting the size of its debt issues as a narrower deficit allows it to pay down some of its debt this quarter for the first time since 2007. With the sharp mandated cuts in government spending and the normal annual tax-season jump in receipts, the Treasury expects to be able to repay a net $35 billion of the country's $16.8 trillion debt load. It would be the first time in six years the US was able to, temporarily, reduce its debt.

CORRECTED: Treasury's Brainard to lead US G20 mission

February 11, 2013 18:30
A senior US Treasury official will lead the US team to the G20 talks in Moscow this week, the Treasury said Monday, as Treasury secretary-nominee Jacob Lew's Senate confirmation is pending. The Treasury's under secretary for international affairs, Lael Brainard, will lead the US team to the talks Friday and Saturday in Moscow, where global financial regulation and the fear of "currency wars" -- competitive devaluations -- will lead the agenda. The Treasury would not say whether Lew, whose confirmation hearing is scheduled for Wednesday, will travel to the talks or not.

New US Treasury chief to miss G20

February 11, 2013 13:45
Jacob Lew, nominated to replace Timothy Geithner as US Treasury Secretary, will miss this week's G20 ministerial meetings in Moscow, the Treasury said Monday. Lew, previously White House chief of staff, is still awaiting confirmation by the US Senate for the Treasury post. The Treasury's undersecretary for international affairs, Lael Brainard, will lead the US team to the talks Friday and Saturday in Moscow, where global financial regulation and the fear of "currency wars" -- competitive devaluations -- will lead the agenda. jt-pmh/jm
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