![]() ![]() ![]() ![]() Treasury Department building at dusk in Washington. With Treasuries, the key question is when investors will be repaid, not if.įILIE - This June 6, 2019, photo, shows the U.S. US Treasuries are considered to be the world’s safest assets because they are backed by the full faith and credit of the United States, but the uncertainty over a debt ceiling deal adds risk. How can Americans prepare for a US default if the debt limit doesn’t get raised? Here’s how you can protect your financial well-being.īond investors should expect volatility even during deal negotiations. House Majority Leader Steve Scalise said the House will recess following votes on Thursday as negotiators continue to work on a debt ceiling deal, although Speaker Kevin McCarthy urged lawmakers to stay close over Memorial Day weekend. With that X-date only about one week away, there’s still no deal to raise the debt ceiling – putting Americans’ finances in danger.įailure to lift the debt limit, the amount the US government can borrow to pay its bills, could affect countless aspects of American lives, from how much people pay for a mortgage to paychecks for federal workers and beyond. On Wednesday night, Fitch Ratings laid out a stark warning to the US government: Raise the debt ceiling or put the world’s biggest economy at risk of a downgrade. ![]()
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