Most Active Stories
- Murray Residents Voice Comments on Updates to the Human Rights Ordinance
- MSU's Board Changes Tobacco Policy, Passes Salary Increase and Learns of Org. Structural Change
- Murray Composer on Writing "A Winter's Dawn" - Performance This Saturday
- Geologists Record Widespread Activity On Ste. Genevieve Seismic Zone
- [VIDEO] Big Atomic Plays Sounds Good Live Lunch
Wed October 16, 2013
IL Treasurer Monitoring Debt Crises
Illinois' treasurer says he's monitoring the debt ceiling showdown in Washington and the impact it could have on the state's finances.
Members of Congress continued late Tuesday to search for deal that would allow raising the country's cap to borrow more money in order to pay its bills.
Dan Rutherford's office says it utilizes U.S. Treasury securities as an important investment tool for the state's portfolios. The state holds $1.2 billion in U.S. Treasury bills that will mature over the next month.
Rutherford says planning ahead for a possible short-term default will allow the state to meet its payments on bonds and interest on a short-term basis.