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Debt Ceiling Drama is Behind Us

Every so often Washington likes to remind us how hard it can be to get things accomplished. The most recent example is the debt ceiling - the amount Congress can borrow to pay its bills. It seems like we have this debate every few years and in the end a deal is made, which is just what happened this time.
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Investor Sentiment Tested

Investors saw signs of renewed hope in recent weeks, especially on the inflation front, as several measures showed improvement. We also saw markets stabilize after the surprisingly fast collapse of Silicon Valley Bank. But although it initially appeared that a stable spring would set the markets up for a calm, quiet summer, a flurry of recent activity is testing investor sentiment.
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SECURE 2.0 Adds New Early Withdrawal Exceptions

The SECURE 2.0 Act, passed as part of an omnibus spending bill in December 2022, added new exceptions to the 10% federal income tax penalty for early withdrawals from tax-advantaged retirement accounts. The Act also expanded an existing exception that applies specifically to employer plans.
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