Former Treasury Secretary Calls for Scrapping 20-Year Bond Former Treasury Secretary Steven Mnuchin has called for the discontinuation of the 20-year Treasury bond, which he reintroduced in 2020, citing its higher yields and additional costs to taxpayers. The bond’s reintroduction has resulted in approximately $2 billion in extra annual interest expenses, totaling around $40 billion over its lifespan. Despite the Biden administration’s preference for maintaining the bond to ensure stability, Mnuchin argues that the bond has not met expectations and is financially burdensome. The debate over the bond highlights the complexities of managing the U.S. government’s growing deficit. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Credit Card Debt Climbs: 56 Million Americans in Prolonged Debt Amid Economic Pressures READ MORE The Fight Against Counterfeit Dollars: What You Need to Know READ MORE Gold's Three-Week Range Nears End as Bulls Push for Fresh Highs READ MORE Record-Breaking July for CME Group: 24.8 Million Contracts Traded Daily READ MORE Crude Retreats Below $83; U.S. Senate Targets Iranian Oil with New Sanctions READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment