Government selling $55B in bonds next week - WKOW 27: Madison, WI Breaking News, Weather and Sports

Government selling $55B in bonds next week

WASHINGTON (AP) -- The government will sell $55 billion in bonds next week as part of a massive borrowing to pay for its financial rescue programs.

  The Treasury Department says it is bringing back its three-year notes to help cover the increased borrowing needs, and will auction $25 billion of them on Monday.

  The government also will offer $20 billion in 10-year notes next Wednesday, and $10 billion in 29 3/4-year bonds on Thursday.

  The government plans to borrow a record $550 billion in the last three months of the year to help pay for the various financial rescue packages put into effect in response to the global crisis.

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