Congress has increased the debt ceiling 78 times since 1960, although in recent years, this process has occasionally become a cudgel for both parties to leverage political concessions when one controls Congress but the other occupies the White House.
Q1 2023 Market Review
Global stocks were up nearly 7% in Q1, continuing their upward path that began in Q4 of last year. Market volatility was relatively calm until March, when regional bank failures in California and New York suddenly raised concerns about the entire banking sector. Following last year when value stocks beat growth by 20%, the first quarter saw value stocks lag growth by 12%.