Market graphic imposed on US Treasury Building in Washington, D.C.
Market graphic imposed on US Treasury Building in Washington, D.C.
  • Issue Briefs

Understanding the Debt Ceiling

What are the debt ceiling and federal downgrades, and what do they mean for municipal bonds.

US Treasury Building in Washington DC
  • News

SLGS Window Closes

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

Speaker of the U.S. House of Representatives, Kevin McCarthy, speaks on April 17, 2023 to the New York Stock Exchange about the status of the federal debt ceiling.
Speaker of the U.S. House of Representatives, Kevin McCarthy, speaks on April 17, 2023 to the New York Stock Exchange about the status of the federal debt ceiling.
  • News

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…

US Treasury Building in Washington DC
  • News

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 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…

  • Comments

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.

  • Comments

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.