US PRESS: Karthik Ramanathan, who has overseen the issuance of more than
$8 trillion in U.S. debt over the past year, plans to leave the Treasury
Department at the end of March, the WSJ says. Ramanathan has run the
Treasury’s office of debt management at a time of severe borrowing needs
necessitated by the government’s attempts to combat the financial crisis
and economic downturn. His successor, who hasn’t yet been chosen, will
be faced with the continuing task of ensuring there is enough demand for
U.S. Treasurys to help finance a growing budget deficit that’s expected
to top $1.6 trillion, the paper says.