On March 4, 2024, the Treasury Department published a final rule that amends the regulations concerning State and Local Government Series securities (SLGS). Among other changes, the updated regulations notably: (1) require that the maturity lengths of Time Deposit SLGS be no longer than reasonably necessary for the underlying governmental purpose of the investment and … Continue Reading
The federal debt limit, which has been suspended since February 2014, will be reinstated Sunday, March 15. At that time, the debt limit will be equal to the amount of debt then outstanding – in other words, there will be no room for additional debt. If Congress does nothing to change this (which seems likely), … Continue Reading
