The U.S. Treasury Department announced debt sales will surpass levels last seen when the country was digging out of its worst economic crisis since the Great Depression. This time around, fiscal stimulus is adding fuel to an already growing economy. A ballooning budget shortfall — fueled by tax cuts, spending hikes and an aging population — is driving the U.S. Treasury to raise its long-term debt issuance at its quarterly refunding auctions to $83 billion from $78 billion thr

Without mentioning President-elect Donald Trump by name, Federal Reserve officials warned that the incoming administration’s fiscal policy must be intelligently designed to spur the economy while maintaining a rainy-day fund to help the economy withstand another downturn. “Smart” government spending and tax reform could help the economy grow, said Chicago Fed President Charles Evans in a speech to the Executives Club of Chicago, according to Reuters. Earlier, New York Fed Pre

Gold headed for its first daily gain in more than a week as traders wait for a speech by Federal Reserve Chair Janet Yellen that may give clues on the probability of tighter U.S. monetary policy this year. Bullion for immediate delivery rose 0.3 percent to $1,326.41 an ounce by 12:18 p.m. in London after touching $1,318.18 on Thursday, the lowest level since July 27, according to Bloomberg generic pricing. The metal is heading for its biggest weekly drop in six. Gold’s bliste