Houston Community News >>

3/19/2009-- On top of the $8.5 trillion dollars the U.S. Federal Government has obligated itself to spend in the foreseeable future, now the Fed has also committed to spending another $300 billion to buy long-term Treasuries over the next 12 months. That's $300 billion. That's one-third of a trillion dollars. And where, you ask, will the Fed get this money? 

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