abstract:The Bureau of the Public Debt is an agency within the Fiscal Service of the United States Department of the Treasury. Under authority derived from Article I, section 8 of the Constitution, Public Debt is responsible for borrowing the money needed to operate the federal government, and is where donations to reduce the debt can be made.
Effective October 1, 2002, for intragovernmental investments with theBureauofthePublicDebt (BPD), BPD and trading partner agencies will use the interest method for amortization on market-based notes, bonds, and zero-coupon bond securities.
There is lots of government work and most ofthe operations ofthe federal BureauofPublicDebt, which does the actual borrowing ofthe money requested by Washington, are done in Parkersburg.