Pimco moves market with short position on U.S. government debt

The world's biggest bond trader has gone short on U.S. Treasury bonds and warns investors not to trust Congress to solve the debt problem.
source of U.S. government debt

Federal Reserve ends suspense with $600 billion QE2 package

In a move everyone was anticipating Wednesday, the Fed announced QE2: printing $600 billion to buy Treasurys to stimulate a sluggish economy.
fiscal stimulas headquarters