Sale of State and Local Government Series (SLGS) Securities
Understanding the Debt Ceiling
What are the debt ceiling and federal downgrades, and what do they mean for municipal bonds.
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.
Extraordinary Measures
Changes to the operations and accounting of funds under the supervision of the U.S. Department of Treasury that allow the federal government to continue paying bills and most operations after…
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.
Comments on Proposed SLGS Rule Changes
Response to proposed regulations from the Bureau of Fiscal Services (BFS) pertaining to the State and Local Government Series (“SLGS”) securities program.
On the Suspension of SLGS Sales (2014)
Comments with suggestions for changes to the extraordinary measures taken by the Bureau of Fiscal Service (“BFS”) when the U.S. Department of Treasury determines that debt of the United States…
Suspension of Issuance of SLGS
Suggestions for changes to the extraordinary measures taken by the Department of Treasury as the United States approaches its debt limit.
Response to Proposed Rulemaking on SLGSs (2004)
Response to the Bureau of Public Debt’s (BPD’s) notice of proposed rulemaking pertaining to the sale of State and Local Government Series (SLGS) Securities.