Treasury Announces Auctions To Raise $126 Billion Next Week

FILE - This Dec. 13, 2017, file photo shows Federal Reserve Chair Janet Yellen speaking during a news conference. (AP Photo/Carolyn Kaster, File)

(AP) — The Treasury Department announced Wednesday it will raise $126 billion to finance the government in a series of auctions next week by employing emergency measures to keep from broaching the newly imposed debt limit. The Treasury announcement, part of Treasury’s quarterly refunding operations, will see the $126 billion raised by auctioning 3 and 10-year notes and a 30-year bond with the auctions occurring on Tuesday through Wednesday of next week. Those auctions will raise money to meet debt-servicing requirements on $58.6 billion in Treasury notes and bonds that are coming due plus raising approximately $67.4 billion in new cash to keep the government operating.

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