Money Debt ceiling battle: Does it matter to your 401(k)? Some are hedging their bets May 17, 2023May 19, 2023Medora Lee and Jim Sergent, USA TODAYComments Off on Debt ceiling battle: Does it matter to your 401(k)? Some are hedging their bets Republicans and Democrats have been in a standoff over raising the debt ceiling, and if they don't reach an agreement soon, economic catastrophe could quickly ensue.