We remain constructive on a deal coming together in time to avert a default on U.S. debt, though we expect continued drama in the very near term.
Debt ceiling concerns are rippling through financial markets. We discuss the potential risks and opportunities for investors.
We believe Congress will reach an agreement before the debt limit is reached, but markets could face turbulence later this year.
Libby Cantrill, head of public policy, discusses the current U.S. political environment, how we think the mid-term elections are likely to go, and what it could mean for fiscal policy and the markets.
While Congress makes progress on infrastructure legislation, the specter of another debt-ceiling showdown gives investors cause for concern.
A bipartisan deal on infrastructure spending would likely be followed by a separate partisan deal funded by tax increases.