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Senate Republican Leader Has No Opinion ‘At This Point’ on Fed Buying $600 Billion in U.S. Debt

Posted By admin On November 9, 2010 @ 5:34 am In Featured Stories,U.S. News | Comments Disabled

Matt Cover
CNS News
Nov 9, 2010

Senate Minority Leader Mitch McConnell (R-Ky.) said he does not have “an opinion at this point” on whether Republicans should try to stop or restrict the Federal Reserve from buying $600 billion in federal government debt.

At the conservative Heritage Foundation on Thursday, CNSNews.com asked McConnell whether “Republicans will try to prevent or stop the Treasury from selling Treasury bonds to the Fed rather than putting them [up for sale] on the open market?”

McConnell said, “I haven’t got an opinion on that at this point.”

The Federal Reserve announced on Wednesday that it would buy $600 billion in Treasury bonds by the end of the second quarter of 2011 (in June), a pace of about $75 billion per month.

Full article here [1]

Having A Supply Of Healthy Foods That Last Just Makes Sense (AD) [2]

Senate Republican Leader Has No Opinion ‘At This Point’ on Fed Buying $600 Billion in U.S. Debt  140410banner4 [3]


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URLs in this post:

[1] Full article here: http://www.cnsnews.com/news/article/senate-minority-leader-has-no-opinion-po

[2] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[3] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

[4] Senate Attempt To Block Debt Ceiling Increase Fails: Debt Target Is Now $15.2 Trillion, Or Over 100% Of GDP: http://www.prisonplanet.com/senate-attempt-to-block-debt-ceiling-increase-fails-debt-target-is-now-15-2-trillion-or-over-100-of-gdp.html

[5] US Adds $120 Billion In Debt Since Debt Ceiling Hike On Friday, $310 Billion More On Deck In Next Two Months: http://www.prisonplanet.com/us-adds-120-billion-in-debt-since-debt-ceiling-hike-on-friday-310-billion-more-on-deck-in-next-two-months.html

[6] Fed Seen Pumping Up Assets to $4 Trillion in New Buying: http://www.prisonplanet.com/fed-seen-pumping-up-assets-to-4-trillion-in-new-buying.html

[7] U.S. to Sell $55 Billion in Long-Term Debt Next Week: http://www.prisonplanet.com/us-to-sell-55-billion-in-long-term-debt-next-week.html

[8] Treasury Prepares To Plunder Another $45 Billion From Retirement Funds As It Issues $110 Billion More Debt Next Week: http://www.prisonplanet.com/treasury-prepares-to-plunder-another-45-billion-from-retirement-funds-as-it-issues-110-billion-more-debt-next-week.html

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