TITLE

Treasury Postpones Four-Week Auction

AUTHOR(S)
Newman, Emily
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/16/2004, Vol. 350 Issue 32011, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Department of the Treasury has announced that it has postponed its weekly four-week bill auction, scheduled for November 16, 2004 until further notice, to help prevent the department from reaching the statutory debt limit. The U.S. Congress reconvened on November 15, 2004 and is expected to address the debt limit, now at $7.4 trillion. The department had previously announced that it would begin suspending the four-week auctions this week until the debt limit issue was resolved.
ACCESSION #
15112973

 

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