Uncertainty Surges Over Debt Ceiling; All Assets Sold

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  Will the debit limit ceiling crisis to affect my 401(k), Social Security, and Medicare?

  Last week, the Federal Reserve announced its decision to impose a debit limit ceiling on banks. This move is intended to ensure that banks have enough capital to keep them from buckling under the financial strain of a weak economy. However, many Americans are wondering how this move will affect their personal finances, such as their 401(k), Social Security, and Medicare benefits. While changes in banking regulations can have wide-reaching implications, it’s important to understand the specifics of this rule so you can determine what impact it may have on…

  February 3, 2023

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• Economy

  US Debt Ceiling: What it is and what it means for you

  Once again, Congress and the White House are wrangling over an increase in the debt ceiling. The stakes are high. Failure to do so would lead to a default on the federal debt, which could have far-ranging economic consequences. If history repeats, a deal will ultimately be reached. In the meantime, political uncertainty could disrupt financial markets—and also create investment opportunities. Says Lars Schuster, institutional portfolio manager in Fidelity’s Strategic Advisers group: “It’s unnerving to see these headlines. The good news is that historically volatility in the markets tends to…

  May 11, 2023

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• Economy

  The Debt Ceiling: A Brief History and Its Potential Impact on the Economy

  The debt ceiling is a legislative mechanism restricting the total amount that a country can borrow or how much debt it can be permitted to take on. Several countries have debt limitation restrictions. The United States debt ceiling is a cap on the total amount of money that the U.S. Treasury is authorized to borrow by the U.S. Congress. The debt ceiling was created in 1917 to help finance World War I. The debt ceiling has been raised or suspended 88 times since 1960. The most recent increase was in…

  April 1, 2023

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• Economy

  A Look into the History of the US Debt-Ceiling Battles

  The United States debt ceiling is a legislative limit on the amount of national debt that the U.S. government is allowed to incur. The debt ceiling is set by Congress and any increase must also be approved by Congress. The U.S. government has reached or exceeded the debt ceiling several times in its history, leading to heated battles between the legislative and executive branches of government. One of the first major battles over the debt ceiling took place in 1917, when the U.S. entered World War I. In order to…

  January 20, 2023

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• Gold & Silver

  Two Key Factors: Understanding the Impact of Banking Failures and Debt Ceiling Debates on Gold Prices

  Let’s explore the intriguing relationship between banking failures, the debt ceiling debate, and their potential effects on the price of gold. As an economist and gold expert, I will provide insights into how these two significant factors may influence the price of this traditionally safe-haven asset amidst economic uncertainties. Gold prices have remained relatively stable following the recent compromise on the debt ceiling. However, their future trajectory could be significantly influenced by the actions taken by the Federal Reserve. These actions could range from interest rate adjustments to changes in…

  June 23, 2023

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• Economy

  The Debt Ceiling Crisis and 5 Ways to Prepare for Potential Consequences

  With the US government facing a possible debt ceiling crisis, it’s important that you understand the implications of this looming threat and how to protect yourself from potential financial consequences. In this article, we’ll break down the debt ceiling crisis, explain what it means for you, and provide five ways you can prepare yourself in case of any major economic changes. Read on to learn more! What is the Debt Ceiling Crisis? As the United States federal government continues to rack up debt, there is a limit to how much…

  February 20, 2023

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• Economy

  The Consequences of the U.S Debt Limit: Understanding the Importance and Solutions

  The United States is approaching its debt limit, and the Treasury Department is taking special measures to avoid default. The debt limit, also known as the “debt ceiling,” is the maximum amount of money that the U.S. government is legally allowed to borrow. When the government reaches the debt limit, it can no longer borrow money to finance its operations, which can have serious consequences. If Congress does not raise the debt limit, the government would have to rely on its limited cash reserves to pay bills and make payments,…

  January 21, 2023

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• Economy

  Debt Limit Ceiling Crisis: Protecting Your 401(k), Social Security and Medicare

  The ongoing debate surrounding the Debt Limit Ceiling has sparked fear and uncertainty among individuals who rely on programs such as 401(k), Social Security, and Medicare. The Debt Limit Ceiling, also known as the national debt ceiling, is the maximum amount of money that the government can borrow to finance its expenses. With the government fast approaching this limit, many are worried about the potential impact on their retirement savings and benefits. Social Security is a crucial program that provides benefits to retired workers and their families. The Social Security…

  February 3, 2023

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• Economy

  3 Ways the Debt Ceiling Could Impact Your Wallet

  With the recent increase in the debt ceiling, many Americans are left wondering how it might affect their wallet. While the decision to raise the debt limit does not have an immediate effect on your finances, it could have long-term implications that everyone should be aware of. In this blog post, we’ll discuss three ways the debt ceiling could impact your wallet, and what you can do to prepare. We will also go over some of the potential effects on our economy as a whole if action is not taken…

  February 2, 2023

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• Economy

  Navigating the Storm: What the US Debt-Ceiling Battle Means for Your Money

  The United States government has been facing a constant battle over the debt ceiling for many years now. The debt ceiling is a limit that Congress sets on the amount of money that the government can borrow. When the government needs to spend more than it receives in revenue, it borrows money by issuing Treasury securities. However, once the debt reaches the limit set by Congress, the government can no longer borrow money and must either reduce its spending or default on its debts. This battle over the debt ceiling…

  February 21, 2023

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