Federal Debt Ceiling

Tracking Tax Reform in 2025
Congress is focused on addressing the pending expirations of the Tax Cuts and Jobs Act (TCJA) prior to the end of this calendar year. Here’s where things stand and what…

New Year; New Debt Ceiling
What the latest debt limit approach means for municipal market and its stakeholders.

While We Were Out
We took a break from the Wrap while Congress adjourned for August recess, but this month was nonetheless a busy one. Catch up quickly on updates from while we were…

Tracking the Debt Deal
Here’s what we know on the Biden/McCarthy deal to suspend the debt ceiling for two years.

SLGS Window Closes
As the federal government continues to move closer to its debt ceiling x-date, all options are on the table.

House Republicans Unveil Debt Ceiling Plan
Speaker McCarthy released a bill to raise the debt ceiling in exchange for a number of Republican priorities. What we know and don’t know.

Fed Eases but Stays the Course
Big news of the week: The Federal Reserve Bank raises rates 25 bp and signals more to come.

Extraordinary Measures Start: No SLGS Suspension
Treasury Secretary Yellen announced the U.S. had reached its statutory debt limit and would implement extraordinary measures. Notably absent— any mention of SLGS suspension.