The Debt Ceiling Crisis & How It Will Effect the Real Estate Market & Mortgage Industry
Over the past 6 months there has been an issue luring over the United States. An issue that if not resolved by congress, will create U.S. financial hardship. August 2nd is the day that the United States will be out of money to pay its debt and officially default.
- So what does this mean for the middle class?
- Is this a big deal or just a concern for the wealthy?
- How will this effect your life financially?
These are just a few questions that come to mind as TV and news outlets run story after story. They frequently talk about how the President and politicians, both democrats and republicans, will not agree on a compromise. As the August 2nd deadline approaches, you have to wonder what the consequences are and how it may effect the United States?