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Federal Reserve Makes Record Interest Payment to Treasury Dept.

Discussion in 'News & Current Events' started by InTheLight, Mar 20, 2015.

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  1. InTheLight

    InTheLight Well-Known Member
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    The Federal Reserve paid a record $96.9 billion to the U.S. Treasury in 2014 as interest income on its bond purchases increased solidly.

    The annual payment to U.S. taxpayers was up from $79.6 billion in 2013, according to the Fed's annual financial statement and audit by Deloitte & Touche released Friday.

    The Fed earned $115.9 billion in interest income on its securities, up $25.5 billion from the previous year.

    The Fed, by law, must hand over the bulk of its profits to the Treasury...

    http://www.usatoday.com/story/money/business/2015/03/20/fed-annual-statement/25081103/
     
    #1 InTheLight, Mar 20, 2015
  2. carpro

    carpro Well-Known Member
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    How much interest did we pay out in 2014 on the national debt?
     
    #2 carpro, Mar 20, 2015
  3. InTheLight

    InTheLight Well-Known Member
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    #3 InTheLight, Mar 20, 2015
  4. Crabtownboy

    Crabtownboy Well-Known Member
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    #4 Crabtownboy, Mar 20, 2015
  5. InTheLight

    InTheLight Well-Known Member
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    A billion a week is nothing compared to Obama. I remember Obama's $853 Billion stimulus plan that created about 3 jobs. I remember Obama doubling the national debt in 6 years.
     
    #5 InTheLight, Mar 20, 2015
  6. Crabtownboy

    Crabtownboy Well-Known Member
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    Yeah, and it was because of the momentum of the economic train wreck started by Bush. Took time to slow it down. The economy is doing much better now and it certainly is not because of anything the GOP has done. You cannot change the direction of something as big as the US economy overnight. After all, it took Bush at least 7 years to move from a good economy to a disastrous on.
     
    #6 Crabtownboy, Mar 21, 2015
  7. carpro

    carpro Well-Known Member
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    #7 carpro, Mar 21, 2015
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