Published: February 6, 2023
Over the past week, there has been nonstop news coverage on the federal government hitting the $31.4 trillion borrowing limit known as the debt ceiling. This once again puts Washington drama on center stage as the Treasury Department enacts "extraordinary measures" to not default on its obligations. Although this has become a regular occurrence, many investors are still understandably nervous. While it's unclear how this will play out politically before the estimated June 5 deadline, the fortunate news is that financial markets have taken these events in stride. How can long-term investors maintain the right perspective around political and fiscal uncertainty in spite of these headlines?
-Christopher Cannon, MSAPM, CFP®, RICP®, AIF®