June 2023 / VIDEO
US Debt Deal Does More Than Avoid Default
The deal to suspend the limit on the US government’s borrowing averted a default but also appears to mark a new era in fiscal policy
The deal to suspend the limit on the US government’s borrowing averted a default but also appears to mark a new era in fiscal policy, with growth in federal spending moderating for at least the next two years and perhaps longer. The agreement also signals the potential for further bipartisan legislation, in our view.
For more insights watch our article here: US Debt Deal May Mark New Era in Federal Spending
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Michael Pinkerton is an associate investment analyst covering legislative and regulatory research, primarily focused on domestic public policy, in the U.S. Equity Division.