Congress has less than twenty-four hours to avert a government shutdown, as the federal government's funding expires at midnight. There is still a lot of uncertainty as to how this will play out, especially with the debt ceiling lurking around the corner.
This Update contains:
- Comments by ACG, PEGCC, IAA and others on the SEC's Proposed Rule on general solicitations;
- Chairman Gensler's update on timing for the CFTC's final margin rule;
- A change in policy by the CFTC's Division of Enforcement;
- Treasury Secretary Lew's letter to Congress stating when the government will hit the debt ceiling;
- Summaries of relevant congressional markups and hearings; and
- Reports issued by Redwood Capital and SIFMA.
To read this Update in full, please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
