An appellate court backed the U.S. government over a group of states seeking the return of money from savings bonds their residents bought decades ago
An appellate court handed a win to the federal government in a yearslong fight over who can lay claim to $25 billion in unredeemed U.S. savings bonds.
The decision Tuesday by the U.S. Court of Appeals for the Federal Circuit comes in a pair of cases brought by Kansas and Arkansas seeking the return of money from savings bonds their residents bought decades ago. More than a dozen states have sued the U.S. Treasury, arguing the federal government is improperly sitting on billions of dollars in matured, unredeemed savings bonds...
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