We keep getting closer and closer to hitting the debt limit without a workable resolution. So, what can happen? There are several scenarios that could play out here…

The debt ceiling debate is a political brinkmanship that has the potential to cause significant economic damage if the government defaults on its debt. However, both parties have signaled that they are committed to reaching a deal, and markets have calmed somewhat as a result.

The consumer price index (CPI) came in at 4.9% year over year in April, just slightly under the 5.0% reading from March. While this is a positive sign, it is still more than double the Fed's target inflation rate of 2%. The Fed may need to see more evidence of inflation slowing before it pauses its rate hike cycle.

A new study of Generation X women found that more than half (54%) of those with partners earn as much as or more than their spouse. In fact, nearly a third of Millennial and Gen X women report that they are the primary breadwinners of their household. With earnings and financial planning top of mind, about 77% of Gen X women say they are making sure their children learn about managing finances.3

Financial professionals and economists have been talking about the “graying of America” and the retirement crisis for at least a couple of decades. Now, it seems, things have reached a tipping point