Congress

Exclusive: As Divided Congress Ratings Rise, Yellen Warns of Need to Lift Debt Ceiling

Exclusive: As Divided Congress Ratings Rise, Yellen Warns of Need to Lift Debt Ceiling

Leave a Comment / Economy / By

By David Lawder NUSA DUA, Indonesia (Reuters) – As the odds of a U.S. Congress split increase, Treasury Secretary Janet Yellen has warned lawmakers’ failure to raise the U.S. debt statutory ceiling poses a “huge threat” for the US credit rating and the functioning of US financial markets. . Yellen told Reuters in an interview …

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This midterm election result is 'generally good for the markets': what investors can expect

This midterm election result is ‘generally good for the markets’: what investors can expect

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Election workers open ballots at the Maricopa County Tabulation and Election Center in Phoenix on November 11, 2022. Justin Sullivan | Getty Images It may take until December to find out which political parties control both houses of Congress after Tuesday’s midterm elections. But that doesn’t mean your personal investment strategy should also stay up …

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As markets crash, Congress can help retirees by suspending RMDs

As markets crash, Congress can help retirees by suspending RMDs

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Consider a 72-year-old retiree, with $100,000 invested in a retirement account at the end of last year, 50% largely invested in stocks and 50% in a Treasury bond portfolio. As of October 27, the value of this model portfolio retirement account has fallen to $82,400, the worst annual performance of a 50/50 portfolio in the …

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