The U.S. Treasury is to reintroduce the 30-year Treasury bond, in an effort to finance the national debt.

30-year bonds were abolished 4 years ago, the last time that the U.S. budget was in surplus.

Auctions will take place twice a year. The first auction will take place in the first quarter of 2006.

The national debt stands at a mind boggling $7.8 trillion.

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