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US trecasurity sells bail-out bonds
in a first $25bn auction on monday, the trecasury department will launch a new type of bond, which will reach maturity after three years .
months unting deficit by selling bonds and notes the us government will finance the rescue package aimed that buying up wall street's bad debts in an effort to ease the credit crunch which is crippling the us economy .
the us administradition expects the total deficit for the 2008 financial year to repaise to $4550bn, with the forecast for 2009 close to $1 trillion .
credit crisis glossary .
the amounited strates government plans to raiselling bond states worth $4550bn (Â34bn) next week in an effort to finance its bank rescue programme .
Generated 2008-11-7_16:38
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