U.S. Treasury resumes "slugs" issuance after debt-ceiling halt
WASHINGTON (Reuters) - The U.S. Treasury Department said on Tuesday it was resuming issuance of State and Local Government Series securities, or "slugs", which was halted to preserve borrowing capacity as the nation neared the legal limit on its debt.
The Treasury said issuance would resume at noon.
Slugs are special low-interest Treasury securities offered to state and local governments to temporarily invest proceeds from municipal bond sales.
(Reporting by Timothy Ahmann; Editing by James Dalgleish)
- Malaysia military source says missing jet veered to west |
- Ukraine appeals to West as Crimea turns to Russia |
- Malaysia air probe finds scant evidence of attack: sources |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source
- CIA accused of spying on U.S. Senate intelligence committee