The payment pause was already set to expire later this summer, even without the provision in the debt ceiling deal. The pause on payments, which also set interest rates on student loans at zero percent, has been in effect since the pandemic began in spring 2020, and affects roughly 43 mi...
What the Debt Ceiling Really MeansMichael D. Tanner
The national debt is commonly apolitically charged issue, especially when the amount outstanding nears the congressionally mandateddebt ceiling. Politicians and financial markets must confront the possibility of a devastating U.S. debt default if the ceiling isn't raised. Sponsored Trade on the Go. ...
Although the debt ceiling is now back in effect, it could be days before the U.S. hits its congressionally mandated debt level and months after that before Congress would be forced to act to extend it. By law, the new limit was set at the current level of the national d...
"Nobody really knows. It means nothing, but psychologically, it may mean a lot, right? In other words, it doesn't have a real meaning other than you've violated something," Trump told Karl. "And that may be just, you know, one day, half a story, or it may lead to ...
Should the debt limit be reached, the Treasury Department would be able to make payments only as additional revenues come in and may attempt to prioritize payments. This means some payments will be delayed, potentially for a lengthy period of time, if the debt limit is not increased. W...
On the creation of Adam: what debt relief means for education in the DRC In this paper, we assess to what extent large-scale debt relief, irrevocably granted to DRC in 2010 after a decade long bumpy process, has impacted on post-conflict reconstruction, governance and public service delivery...
debt ceiling to avert a government default, federal science agencies, universities, and researchers were left wondering what it all means. The only sure bet is that the tortuous, two-step process to shrink the deficit by $2.1 trillion over the next decade will be a bonanza for lobbyists. ...
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After being suspended since 2023, the limit on US government debt, known as the debt ceiling, has been reinstated. That means the government will fund its operations using other means (referred to extraordinary measures) until Congress either again raises the debt ceiling as it historically has,...