With June right around the corner, the U.S. government defaulting on its debt is a real possibility unless Congress and the White House come to an agreement that will raise the debt limit.
In this short audiocast, Greg Davis, Vanguard’s chief investment officer, and Sara Devereux, global head of fixed income, discuss the likelihood of a default, the potential ramifications for the financial markets and the economy, and what precautions Vanguard has taken to mitigate the risk in our portfolios.
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