U.S. Treasury Department Will Suspend Sales

USDeptOfTreasurySeal-2003Bill

By Anna Timone   “ The Treasury Department on Friday will suspend sales of state and local government Treasury securities until further notice, the first action to avoid hitting the U.S. debt ceiling. The debt ceiling is expected to be reached on May 18, but the Treasury had been expected to take steps like this one in order to keep paying bills. Treasury Secretary Jacob Lew said last week that the U.S. will be able to avoid the debt … [Read more...]