Treasury to Suspend SLGS Today

Ackerman, Andrew; McConnell, Alison L.
February 2006
Bond Buyer;2/16/2006, Vol. 355 Issue 32321, p1
Trade Publication
The article reports that the U.S. Department of Treasury will suspend the sales of State and Local Government Series (SLGS) securities. According to the department, the suspension is necessary because the statutory debt ceiling has not been raised. SLGS was last closed by the department when it hit a debt ceiling of 7.384 trillion dollars on October 14, 2004.


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