US Treasury to raise $100 billion in new debt issue

WASHINGTON: The US Treasury announced plans on Thursday to raise 100 billion dollars in a new issuance of debt to help support the Federal Reserve's actions to aid the struggling financial system

The announcement, a day after news of a 40-billion-dollar debt issue, calls for three separate auctions between Friday and next Wednesday.

That includes two auctions for bills with a maturity of 45 to 59 days and another for seven-day bills.
The Treasury on Wednesday said it was launching "a temporary supplementary financing program" at the request of the Fed, as it pumps money into the US economy.

The Fed has announced a series of spectacular moves to help the country's economy, including an 85-billion-dollar line of credit to save AIG, one of the world's biggest insurance companies.