Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (44216)	7/16/2003 11:58:17 AM
From: quote 007	Read Replies (1) \| Respond to of 57110

+DJ Greenspan: Fed To Be Involved In 30-Year Tsy Debate 07/16/2003 Dow Jones News Services (Copyright © 2003 Dow Jones & Company, Inc.) (MORE) Dow Jones Newswires 07-16-03 1130ET DJ Greenspan/30-Yr Tsy -2: Debate Likely With Deficits WASHINGTON (Dow Jones)--Federal Reserve Chairman Alan Greenspan said Wednesday he believed a debate on whether to bring back the 30-year Treasury bond will eventually come up amid an era of growing federal budget deficits. Greenspan made his comments Wednesday in response to a question from Sen. Jon Corzine, D-N.J., formerly a top executive at Goldman Sachs. Corzine asked Greenspan if it was time for the Treasury to reconsider bringing the bond back, noting that at the time it stopped issuing new bonds, government forecasters were expecting budget surpluses well into the future. Now the U.S. is set to post a record annual budget deficit this year and next. The Treasury stopped issuing 30-year bonds in 2001. While Greenspan wouldn't give his personal opinion on the issue he said, "I'm going to be interested in hearing the various debates and arguments on both sides of the issue, which I think eventually will materialize for exactly the reasons you raise, senator." He said the decision on whether to bring back the 30-year bond will rest with the Treasury Department but that the Federal Reserve would be involved in any discussions about the issue. -By Jennifer Corbett Dooren, Dow Jones Newswires; 202-862-9294; jennifer.corbett@dowjones.com (END) Dow Jones Newswires 07-16-03 1149ET News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire. Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision. Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.