US Savings Bonds

Question: Why is the US Treasury stopping issuing US Savings Bonds through payroll deduction?

I work for a larger organization and I have bought bonds through my employer for over 20 years. They sent me a letter saying that the US Treasury is discontinuing issuing bonds through payroll deduction, and that the employee must purchase them through the FRB or online. It seems that with a huge debt, the government would want all the money they can get. Many people will just stop purchasing them. I know I will. They are making it much harder.

Answer: Because the on-line option is now available. It’s cheaper and easier than working through various employer payroll systems.

House Session 2010-04-15 (17:25:18-18:26:55)