Planning Briefs
What Investors Need To Know About The Debt Ceiling
Published Wednesday, April 26, 2023 at: 12:44 PM EDT
For months, the debt ceiling problem has sounded ominous. With a make-or-break deadline nearing, here’s a dispassionate summary of what’s going on.
To start, remember this famous quote: “Americans can always be relied upon to do the right thing — having first exhausted all possible alternatives.” Often mistakenly attributed to Winston Churchill, scholars say Israeli diplomat Abba Eban is the correct source of the quote. Regardless of who said it, the statement has been accurate since 1776, and it is wise for investors to plan on having it apply to resolving the debt ceiling. This is not to say the national debt limit is not a serious threat to U.S. financial stability.
©2023 Advisor Products Inc. All Rights Reserved.
More articles
- The Economic Outlook Through 1Q 2024
- A 2023 Tax Break For Small Business Owners
- Parents, Children, And Social Media Regulation
- Retirement Planning Basics, And Tips For 2023
- Fed Hikes Rates 0.25%, Balancing Risks of Inflation and Bank Runs
- Chances Of Contagion Subside
- Basics Of A Retirement Income Withdrawal Plan
- What You Need To Know Before Investing In A Self-Directed IRA Account
- Financial Consumer Alert: Long-Term Care Insurance Policies
- An Impressive Performance By The Federal Reserve
- After 20 Years, America Is Rethinking Social Media
- At A Unique Moment In Financial History, Five Takeaways From Fed Chair's Press Conference
- Developing Portfolio Return Expectations
- Why Investors Like Our Financial Commentary
- What To Do Now To Build Wealth