“Senate Haggles Over Deal to Pull Back from Debt-Ceiling Brink”
October 7, 2021
“…News of a possible debt-ceiling accord stoked the biggest positive turnaround in the equity market in more than seven months on Wednesday, and stocks extended gains Thursday. In the bond market, traders bid back up the prices of Treasuries set to mature in the window around a potential default. Investors then moved on to gauge which securities may now be most at risk of a missed or delayed payment under the new congressional timeframe…
While the immediate threat of a default would recede, the deal would merely delay the fight to December, when Democrats likely will try to move a massive tax and spending package and a separate infrastructure bill. Congress also must act to fund the government and avert a shutdown after Dec. 3…”
https://www.yahoo.com/now/senate-poised-pull-nation-back-060000898.html
It’s time to start thinking about what financial moves to make if the country defaults. Also if the stock market crashes don’t sell. Buy. That’s how the rich become richer. Everyone needs to have some reserves on hand for if the market crashes. The money itself would quickly lose value anyway so it would be better to put it into something you own.