The Recent Debt Ceiling Deal

Understanding the Debt Ceiling

The recent debt ceiling deal out of Washington has caused a considerable stir, yet its significance seems a bit blown out of proportion. While it received tons of media attention, the debt ceiling deal ended up as what we call “much ado about nothing.” Despite fears of potential economic destabilization, the result has been nothing more than a political compromise between Republicans and Democrats in the House and Senate. Continue reading “The Recent Debt Ceiling Deal”