It is difficult to distinguish where the truth lies (an oxymoron) in the current debt ceiling discussion. Political posturing, media sensationalism, local speculation and individual concerns muddy the waters of the facts. It’s easy to speculate about the future, and hard to determine the real story in order to be prepared for potential economic events.
You can drown in a rip current if you try to swim directly to shore. Swim parallel until you are out of it to be safe. If you are in the market for the long term, this is part of the ebb and flow of the economic tide. I encourage you to stick with your current plan and don’t make any quick decisions. Try not to get caught up in the sensationalism of the moment – it will fade in about a week. But trading decisions are permanent.