As the government shutdown enters its second week, it becomes increasingly likely that any solution will include raising the debt ceiling, which we reach on October 17. Both sides are digging in, so the stalemate could last at least another week.
This Update contains:
- A Treasury Department report on how the asset management industry contributes to systemic risk. The SEC has requested public comment on the report. Comments are due November 1;
- The Treasury Department's report on the macroeconomic effects of breaching the debt ceiling;
- A slideshow from Private Equity Growth Capital Council's annual meeting;
- Comments by Association for Corporate Growth, Private Equity Growth Capital Council, Investment Adviser Association, and others on the SEC's Proposed Rule on general solicitations;
- House Ag Committee's hearing on CFTC reauthorization and a schedule of relevant hearings schedule this week; and
- The Davis Polk Dodd-Frank report for October.
To read this Update in full, please click here.
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