UPDATE 1-U.S. Treasury to free up $260 bln to avoid debt cap
May 17, 2013 at 13:54 PM EDT
WASHINGTON, May 17 (Reuters) - The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's bills once a temporary suspension in the government's debt ceiling lapses this weekend.
