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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: russwinter who wrote (13449)	10/14/2004 2:36:16 PM
From: mishedlo	Read Replies (1) of 116555

Treasury suspends debt issuance to state, local gov´ts Thursday, October 14, 2004 6:15:32 PM afxpress.com Treasury suspends debt issuance to state, local gov'ts WASHINGTON (AFX) -- The Treasury Department has suspended sales of State and Local Government series (SLGS) nonmarketable Treasury securities in order to prevent the federal government from reaching the $7.38 trillion debt ceiling. Earlier in the day, the department announced that the government could operate until mid-November without raising the debt limit if special measures were taken. Lawmakers are expected to return to Washington after the Nov. 2 elections to hold a special "lame duck" session to ensure the government continues running

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