BOSTON ( TheStreet) -- The debt ceiling drama unfolding on Capitol Hill has sparked worries that the U.S. could default on its debt. One market strategist urges investors to understand that the debate over spending cuts vs. tax increases shows America's unwillingness to pay its debt, rather than the country's inability.Kathy Jones, fixed income strategist with Charles Schwab, says that investors should not worry about the ability of the U.S. to pay its debt when considering fixed-income assets like U.S. Treasuries. She makes a clear distinction between what the U.S. can do and what the country is willing to do, and how that separates the country from other cash-strapped nations around the globe.
U.S. Able but Unwilling to Pay Bills: Analyst
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