What is the Bureau of Public Debt?
The Bureau of Public Debt is an agency of the United States Treasury which is responsible for borrowing funds to run the United States government. The Bureau also keeps track of American public debt, and administers the sale and management of Treasury securities such as T-Bills and savings bonds. Many Americans are customers of the Bureau of Public Debt; anyone who has purchased a Treasury security has taken advantage of the services of the Bureau of Public Debt. Running a government is extremely expensive. The Bureau of Public Debt borrows around two trillion United States Dollars (USD) annually through the sale of Treasury securities. Anyone who purchases a Treasury security is loaning money to the United States government, whether the security is a $25 USD savings bond or a $1,000 USD T-Bill. In exchange for the temporary loan to the government, the investor receives interest on the security, and the security can also ultimately be redeemed for its face value. Initially, the Bureau
