Maryland officials are considering postponing upcoming bond sales if Congress doesn’t reach a deal on the debt ceiling soon. The state is planning to sell $100 million in bonds to Maryland residents beginning July 22, the same day that President Obama has said he wants to reach a compromise with Republican lawmakers on raising the U.S. debt ceiling and slashing the long-term deficit. On July 27, the state is scheduled to begin selling more than $600 million in general obligation bonds.

“If they don’t have the debt ceiling issue resolved, the markets will be chaotic, and we will probably postpone the sale,” Patti Konrad, director of the Maryland state treasury’s Debt Management Division, warned lawmakers.

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