Politics

 

Treasury pays down debt for first time since Dubya

Treasury pays down debt for first time since Dubya

(NEWSER– Spending cuts and tax hikes have boosted the federal government's finances enough to actually pay off some debt for the first time since George W. Bush was president. The Treasury Department, which predicted earlier this year that it would end the second quarter another $103 billion deeper in debt, now says it will retire $35 billion in debt between April and June, reports the Wall Street Journal.

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