Updated: Oct 11
Here we go again. I wrote a blog back on May 27th, 2023 expressing my opinion that the debt ceiling showdown was going to be solved and the U.S. wouldn't default.
For what feels like the first time in my life--I was right. Exactly 3 months later the headline is back. The news wants you to eat, sleep, and breathe the debt ceiling--just as long as you tune back in tomorrow.
I don't want you to do that. I'd prefer you not worry about a government default, and a good start may be to read my post from May.
In the post I explain how often the US has raised the debt ceiling, and go through some of the recent crises that probably made you want to change your investing strategy, but aren't good reasons to actually change it.
September 2023's debt ceiling showdown will prove to be just another one of those reasons.