U.S. Sees Floating-Rate Note by 1Q 2014, Lower Coupon Sizes

U.S. Sees Floating-Rate Note by 1Q 2014, Lower Coupon Sizes

Andrew Harrer/Bloomberg

The House Ways and Means Committee April 24 passed a measure intended to ensure that U.S. government bondholders continue to be paid and that Social Security benefits aren’t interrupted even if a stand-off over raising the borrowing cap causes a cash crunch.