Please ensure Javascript is enabled for purposes of website accessibility

1 Thing Congress Finally Did Right

By Mike Klesta and Dan Caplinger – Feb 22, 2014 at 3:02PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Congress raises the debt ceiling. However, the votes were far from drama-free.

Go ahead and exhale, markets. Both the U.S. House and Senate voted to raise the debt ceiling. Years ago this sort of vote warranted little more than a passing mention. But after three solid years of brinkmanship (and a government shutdown), the "fever" appears to have been broken. For now.

Meanwhile, the Dow Jones Industrial Average (^DJI 0.01%) and S&P 500 (^GSPC -0.16%) have largely shrugged off the event. In the video below, analysts Mike Klesta and Dan Caplinger discuss the future of the debt ceiling and whether investors should care.

Dan Caplinger, Mike Klesta, and The Motley Fool have no position in any of the stocks mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Dow Jones Industrial Average (Price Return) Stock Quote
Dow Jones Industrial Average (Price Return)
^DJI
$33,852.53 (0.01%) $3.07
S&P 500 Index - Price Return (USD) Stock Quote
S&P 500 Index - Price Return (USD)
^GSPC
$3,957.63 (-0.16%) $-6.31

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
351%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 11/30/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.