Both Sides Will Bend on Debt Ceiling

I rarely make my columns about politics. But since the main driver of the market right now is centered on the debt limit and budget talks, it seems appropriate to look at the political lay of the land and what it means for the markets.

First, some historical background on the debt limit. We have had slightly over 50 debt limit raises over the last four decades. Around half have been approved with no issues. The other half has been used as leverage to address other issues. Roughly 60% of the time this has occurred with Democrats controlling both houses of congress, 15% of the time when Republicans controlled both houses and the remaining 25% when control was split....648 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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