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There are reasons why saving the surplus -- using it to accelerate debt reduction -- would be best for the nation.
Treasury Prices Rebound (By Bloomberg News) -- Treasury bond prices rebounded after Lawrence H. Summers, the Treasury secretary, said the country's budget surplus was on track to widen "considerably" and repeated that the government may accelerate its debt-reduction program.
Some observers were expecting further announcements accelerating the progress of its debt reduction plans outlined in November.
(James Feyrer and Bruce Sacerdote) Debt reduction without default?
Debt reduction took place in two stages.
How debt reduction occurs is also important.
"Debt reduction for developing nations".
Africa has gained substantially from debt reduction.
"But debt reduction is too slim.
The economic effect is less debt reduction.
That money is going to debt reduction.
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