The Traderszone Network

Published in TZ Latest News 4 May, 2015 by The TZ Newswire Staff

U.S. Treasury scraps plans for debt paydown to boost cash buffer

The U.S. Treasury scrapped plans to pay down debt between April and June because it now considers it prudent for the government to hold a bigger cash buffer, an official at the department said on Monday. The official, who spoke to journalists in a briefing but was not authorized to be identified, said the policy decision followed the advice of an advisory committee that recommended keeping more cash on hand in order to weather unforeseen disruptions to market functioning.

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