The clock is ticking on US debt ceiling negotiations. Treasury Secretary Yellen informed Congress that cash balances are estimated to run out by early June, the so-called X-date. With the deadline fast approaching, markets are sending signals about investor concerns.
In this edition of "On The Mark," Kezia Samuel, CFA, CAIA, Vice President of Investment Consulting at AssetMark, examines whether this time is different, what paths may be ahead, and what investors should do.
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The Retractable (Debt) Ceiling
May 26, 2023