Tags: US | Treasury | debt | bills

Treasury to Provide Details on Payment Priorities

Thursday, 28 Jul 2011 12:48 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON — The Treasury Department says it will soon provide more information on how the government will determine what bills to pay should Congress fail to raise the nation's borrowing limit by the Aug. 2 deadline.

Treasury says it will release details in the coming days regarding which payments will take priority over others. The government makes an average of 80 million payments a month.

Treasury also says it will go ahead with its regular weekly auction of three-month and six-month Treasury bills on Monday — a day before the deadline. The money raised from that auction will go toward redeeming $87 billion in securities that will mature on Aug. 4. Treasury says this operation will not breach the current borrowing limit.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Oil Boom May Be Just Starting in Permian Basin

Monday, 28 Jul 2014 18:15 PM

Oil production in New Mexico keeps on booming. Don't expect it to go bust anytime soon. In fact, some energy experts say . . .

Chicago's Emanuel Boosting Shelter Space for Child Illegals

Monday, 28 Jul 2014 17:27 PM

Chicago will set up additional shelters for unaccompanied immigrant children to be funded by the federal government and  . . .

US Marshals, Police Wounded, Suspect Dead in NYC Gunfight

Monday, 28 Jul 2014 16:59 PM

Two U.S. Marshals and a New York City police detective were shot and wounded on Monday and a man was killed during an at . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved