The U.S. is expected to hit the debt ceiling this Thursday, and while discussions are ongoing, no resolution is in sight as proposals by Susan Collins were rejected. The debt ceiling and budget shutdown are the only games in town now, and will continue to be the primary focus of Congress until the issues are resolved.
This Update contains:
- SBIA's efforts to modernize regulations involving Business Development Companies (BDCs);
- The new SEC website on market analytics (www.sec.gov/marketstructure), which is worth checking out;
- An interesting report by ISDA on credit default swap (CDS) activity from 2011-2013A;
- Senate hearings on the debt ceiling and the impact on a default by the U.S. government; and
- A Third Way report on the Treasury bill market.
To read this Update in full, please click here.
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