WASHINGTON -- The U.S. Treasury said Monday it is postponing its four-week bill auction because Congress hasn't raised the U.S. national debt limit. The U.S. statutory debt limit is currently $7.38 trillion.
The Treasury issued a warning on Nov. 3 about the postponement.
"Due to debt limit constraints, we currently do not have the capacity to settle our four-week bill auction scheduled to settle on Nov. 18. Treasury market participants should be prepared for a delay in the formal auction announcement for the four-week bill and in the auction itself if Congress does not enact legislation to raise the debt limit. All auctions settling before Nov. 18 will be settled as scheduled," the Treasury said Nov. 3.
