Debt Ceiling
If the ongoing debate over the debt ceiling is giving you a dizzying sense of déjà vu, you are not alone. The debt ceiling, or limit, reflects the amount of money the United States (US) Congress has authorized the government to borrow, and Congress can authorize increases when the government nears or reaches the existing limit.
The US effectively reached the debt limit in January, triggering “extraordinary measures” by the Treasury Department to allow continued servicing of existing debts and obligations. Now, many investors are wondering how a breach of the debt ceiling could impact their investments.
We believe a diversified mix of equity and fixed-income investments and a long-term horizon are likely to be the best tools to ride out uncertainty.
You can continue reading more in the below piece from Dimensional Fund Advisors for some helpful key takeaways on the subject.
Private Advisor Group is not affiliated with Dimensional Fund Advisors.
Investment advice offered through Private Advisor Group, a registered investment advisor.
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