Business
After a long stretch of inaction, things are busy in Washington as deadlines approach for funding the government for the next fiscal year and raising the debt ceiling. Mike Townsend dives into each of the issues and considers the likelihood of either a government shutdown or worse—the U.S. defaulting on its debts should Congress fail to act. He also looks at the two key spending issues that Congress is facing, the bipartisan infrastructure bill and the Democrats’ framework for a $3.5 trillion spending package, including the proposed tax changes within the plan that are designed to offset the spending. Mike offers his thoughts on the timing and likely outcome for all four of these issues. Finally, he updates what’s happening at the SEC and its efforts to address the “gamification” of securities trading.WashingtonWise Investor is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts. Important Disclosures:The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Investing involves risk, including loss of principal. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.(0921-1SN9)