A High Wire Act in Congress, With All Eyes on the (Debt) Ceiling

Rhea Thomas |
Wilmington Wire
Highline walker balancing on the rope concept of risk taking and challenge

September 23, 2021Debt ceiling negotiations in Congress have returned to the spotlight, as they do every few years. Current estimates suggest the U.S. Treasury will be unable to meet its payment obligations starting between mid-October to early November.Markets are watching closely because failure on the part of Congress to raise or suspend the debt ceiling ahead of that deadline could raise the risk of the U.S. Treasury defaulting on its debt, which would be an unprecedented event.

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Updated Outlook for the U.S. Economy

Luke Tilley |
Wilmington Wire
Blue double exposure of money coins stacking with bar graph for financial and investment business concept.

September 20, 2021—Recent economic data have been on the weaker side and is likely playing a part in the mini-swoon we’ve seen in markets, with the S&P 500 index down about 2% from a recent all-time high in early September. The softening in data is in large part due to the spread of the Delta variant in July and August. We are reducing our outlook for the U.S. economy for the remainder of 2021 but still expect solid growth in 2022.

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Capital Perspectives September 2021

Tony Roth |
Investment Management
Capital Perspectives

In the September issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, where he shares his views on the resiliency of the financial markets amid political and social crises, including the resurgence of COVID-19 and waning vaccine effectiveness, China’s regulatory crackdown, and high U.S. inflation, among a host of other developments.

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