TITLE

Treasury to resume SLGS Sales

AUTHOR(S)
Duff, Susanna
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/27/2003, Vol. 344 Issue 31643, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the U.S. Treasury department announced in May 2003 that it will resume selling State and Local Government Series (SLGS) securities on June 2, 2003 and allow issuers to resume placing orders for the specially tailored securities as early as May 27, 2003. The announcement came after the Senate gave final congressional approval to legislation that would increase the nation's debt limit by $984 billion to nearly $7.4 trillion. On Feb. 19, 2003 the Treasury froze SLGS sales and halted investments in federal employees' pension funds to prevent the government from exceeding the former $6.4 trillion debt limit. The approval of the debt limit bill is the second increase in the debt ceiling in the past year.
ACCESSION #
9957312

 

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