Debt ceiling talks impact markets and stocks.

1 min read
Source: CNBC
Debt ceiling talks impact markets and stocks.
Photo: CNBC
TL;DR Summary

CNBC's Jim Cramer warns investors that the ongoing debt ceiling negotiations in Washington will inevitably cost them money, as prospects feel grim due to the stalemate and the emergence of a new Covid-19 variant in China. Cramer is pessimistic about Washington's ability to come to a deal before the chaos begins, and advises caution in selling stocks before the market's imminent decline, as it may be difficult to buy them back fast enough to see real gains.

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