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BUSINESS
June 26, 2007 | From Times Wire Services
The Treasury Department auctioned $14 billion in three-month bills at a discount rate of 4.685%, up from 4.490% last week. An additional $14 billion in six-month bills was auctioned at a discount rate of 4.810%, up from 4.715% last week. The new discount rates understate the actual return to investors -- 4.82% for the three-month bills, with a $10,000 bill selling for $9,881.57, and 5.012% for a six-month bill selling for $9,756.83.
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BUSINESS
June 13, 2007 | From Reuters
The top Democrat and Republican on the Senate Banking Committee said Tuesday that they would introduce legislation giving the Treasury Department stronger tools to confront China's currency practices. "A change in our currency manipulation policy is long overdue," Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.) said in a statement. "America's companies and workers deserve an opportunity to compete on fair terms with countries such as China." Dodd and Sen. Richard C.
ENTERTAINMENT
May 11, 2007 | David Germain, Associated Press
Academy Award-winning filmmaker Michael Moore is under investigation by the U.S. Treasury Department for taking ailing Sept. 11 rescue workers to Cuba for a segment in his upcoming healthcare documentary "Sicko." The investigation provides another contentious lead-in for a provocative film by Moore, a fierce critic of President Bush. In the past, Moore's adversaries have fanned publicity that helped the filmmaker create a new brand of opinionated blockbuster documentary.
BUSINESS
April 10, 2007 | From the Associated Press
The Treasury Department auctioned $15 billion in three-month bills at a discount rate of 4.88%, down from 4.91% last week. An additional $13 billion in six-month bills was auctioned at a discount rate of 4.89%, up from 4.87% last week. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,876.64 while a six-month bill sold for $9,752.78.
BUSINESS
March 27, 2007 | From the Associated Press
The Treasury Department auctioned $19 billion in three-month bills at a discount rate of 4.925%, down from 4.93% last week. An additional $15 billion in six-month bills was auctioned at a discount rate of 4.875%, down from 4.91% last week. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,875.51; a six-month bill sold for $9,753.54.
BUSINESS
March 20, 2007 | From the Associated Press
The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 4.93%, down from 4.965% last week. An additional $16 billion in six-month bills was auctioned at a discount rate of 4.91%, down from 4.92% last week. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,875.38, and a six-month bill sold for $9,751.77.
BUSINESS
February 13, 2007 | From the Associated Press
The Treasury Department auctioned $19 billion in three-month bills at a discount rate of 5.025%, up from 5.01% last week. An additional $15 billion in six-month bills was auctioned at 4.965%, up from 4.955% last week. The three-month rate was the highest since Jan. 22, 2001, when it averaged 5.09%. The six-month rate was the highest since Jan. 29 of this year, when it was 4.98%. The discount rates reflect that the bills sell for less than face value.
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