Raising the debt ceiling. It’s a frequent source of debate. However, as often as it grinds Congress to a halt and is debated on the news, what is the fuss all about? Does it really matter? Learn more in this episode of USMR Market Insights with Patrick Brunson. What Is the Debt Ceiling and…
America isn’t winning any medals or topping any charts when it comes to planning and saving for retirement. “About 60 percent of Americans have no savings in retirement accounts like 401(k)s or IRAs,” reports Business Insider. Some are putting false faith in Social Security, others blame a lack of access to a workplace retirement plan,…
This post begins a series in which I give readers an insider’s view of how Washington, DC, works (and doesn’t work) from my perspective as director of the U.S. Mint. The complete story of how the Sacagawea dollar (aka, the Golden dollar) came to be has never been told, and the accounts that have been…
So, nothing seems to have changed as a result of the budget and debt crisis. We simply kicked the can into next year. While the GOP took a good deal of self-inflicted damage in the standoff, this was not a victory for Democrats in terms of achieving any of their budget objectives. The deep budget cuts under sequestration remain in place and will deepen with more cuts in January. All is as it was before. But at a deeper level, there are, in fact, two significant consequences of this fiasco, having to do with the impact on the GOP and on markets in general.
