Ten Trillion and Counting

Oct 24, 2023 | Economics, Videos

The United States Treasury Department holds a unique auction event every day that allows investors to purchase securities backed by the full faith and credit of the United States government. On this particular day, $67 billion in Treasury securities are up for sale. This money will go towards funding services and programs that cannot be paid for out of taxation alone.

FRONTLINE correspondent Forrest Sawyer documents this important government activity, taking viewers to a secret location: the Treasury’s debt auction room. Through Sawyer’s eyes, viewers witness firsthand how the US government goes about managing its national debt and keeping it under control.

The documentary is an interesting look into an area of finance that is often overlooked or misunderstood by the general public. Take a deep dive into the US government’s financial operations with FRONTLINE correspondent Forrest Sawyer, and gain a better understanding of just how our country funds important services and programs. It’s an enlightening experience that everyone should take part in!

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David B