Tag Archive for Federal Budget Deficit

Treasury Gives TBAC, “On the one hand, on the other hand,” Gobbledygook

The TBAC (Treasury Borrowing Advisory Committee), consisting of representatives of the Primary Dealers, gives a quarterly report to the Treasury in which it discusses the economy and gives the Treasury an estimated schedule of the Treasury’s borrowing needs for the current and following calendar quarters. The Treasury first gives the TBAC an economic statement in…