Financial experts: How to manage portfolios in case of default

According to a Q&A with leading financial experts published in the Washington Post, consumers can breathe a little easier than big investors over the partial government shutdown and possible debt default.

The experts questioned remind consumers that their bank accounts are protected by federal agencies, including the Federal Deposit Insurance Corp.

The bigger concern that should be on consumers’ minds, according to the article, is if this or future congresses continue to choose to use the threat of shutdowns and defaults as negotiation tactics to further their own political agendas.

This could cause a breakdown of consumer and global confidence in the U.S. economy, threatening personal incomes and business investments.

Read more at the Washington Post.