Compass Capital

Your Trusted Financial Advisor

  • About Us
  • Our Team
  • Services
  • Resources
    • Client Links
    • Articles
    • Disclosures
  • Blog

The Debt Ceiling Redux: A Time for Calm, Responsible Money Management

October 9, 2013 By Susan Scheide

SEI Investments shares their Commentary about the debt ceiling issue. The summary is below:

Our View

Neither we nor any of our managers anticipate a long-term default. Things will work out in the end; but as the deadline approaches, increased volatility is expected. The specifics of what happens next are anyone’s guess. It is likely that any agreement on the debt ceiling will be a temporary one. This would allow for additional negotiation and provide a path toward a grander compromise that includes funding of the budget, a debt-ceiling increase for the entire 2014 fiscal year and a modification of the sequester in exchange for entitlement reform. Alternatively, the debt ceiling could be raised without granting a continuing resolution to fund the government. This would avert disaster but maintain the status-quo level of governmental dysfunction. In any event, no responsible politician wants to throw the economy into disarray by allowing a technical default of the government. Memories of the debt-ceiling debacle of 2011 are still too fresh. Click here for the entire Commentary

Filed Under: Compass Capital

Thanks for signing up!

Join Our Mailing List

By submitting this form, you are granting: Compass Capital Corporation, 50 Braintree Hill Park, Braintree, Massachusetts, 02184, United States, https://compasscapital.co permission to email you. You may unsubscribe via the link found at the bottom of every email. (See our Email Privacy Policy for details.) Emails are serviced by Constant Contact.

Compass Capital

  • About Us
  • Our Team
  • Services
  • Resources
    • Client Links
    • Articles
    • Disclosures
  • Blog

Latest Blog Posts

  • Lend to Friends and Family—But Only if You Follow These 3 Tips February 14, 2019
  • #Adulting: 5 Things I Wish I Knew About Managing My Finances July 24, 2018
  • Getting a Handle on Virtual Currencies July 24, 2018
  • Talking Money With Mom: Gender, Generation and Financial Knowledge June 8, 2018

Connect with Us

  • Email
  • Facebook
  • Google+
  • LinkedIn
  • Twitter

Copyright © 2021 · Compass Capital Corporation