Basis Points: Special Announcement – SLGS Window to Remain Open
Georgina Walleshauser
January 19, 2023
As expected, the U.S. government’s debt limit was reached today. Treasury Secretary Janet Yellen identified this situation in a letter to Congress last week. When this situation occurs, the Treasury usually takes certain “extraordinary measures” to mitigate the increase of debt such that debt levels remain under the debt ceiling.