That was a full week after the Treasury said it would buy back up to $30 billion in long-term debt this year.

The tax status of the issue will be the same as if the note were bought in the secondary market, the Treasury said.

The Treasury said the proposed deduction would cost $28 billion over 10 years.

The credit could be used to offset up to 25 percent of the amount due, the Treasury said.

The Treasury said the speech would last about one hour and 20 minutes.

The Treasury said it would auction a record $37 billion of notes and bonds next week.

The Treasury did not say how large the three-year auction would be.

The Treasury says about 15% of families will lose out.

As expected, the Treasury said it would not issue a new 10-year note.

The Treasury has said it will take three months to complete its review.