The Treasury does not have $500 billion in its checking account to cover the deficit, nor even the lesser amount for the rebates. The Treasury has to raise the funds by selling debt securities to the private sector The loan amount plus the stated interest is automatically deducted from your checking account on your next payday by your chosen lender. This may vary depending on which lender you are paired up with, so be sure to ask your loan agent Checking Accaunt bankbank.com Quarterli Review ang Outlook - Secong Quarter 2008 Home