U.S. Treasury: Important That Cyprus, Euro Nations Resolve Situation Responsibly

    WASHINGTON--The U.S. Treasury Department on Monday urged Cyprus and its European partners to resolve the country's banking crisis "in a way that is responsible and fair and ensures financial stability."

    "The Treasury Department is monitoring the situation in Cyprus closely, and [Treasury] Secretary [Jacob] Lew has been speaking with his European counterparts," the Treasury said in a statement.

    Earlier Monday, Cyprus put off a debate on a bank-deposit levy, which is a precondition to receiving a EUR10 billion ($13.07 billion) bailout.

    Write to Jeffrey Sparshott at jeffrey.sparshott@dowjones.com