Reminder, the debt ceiling is the limit on the amount of money the US federal government can borrow to pay its bills. And those bills will be coming due pretty soon, around mid-January. When the US hits the debt limit, it can't borrow anymore. That's when the Treasury Department will...
A debate over the debt ceiling is at the center of a dispute over funding that is pushing the possibility of a federal government shutdown to the brink in Washington.
"If Congress doesn't raise the debt ceiling, the president will have to make some decisions about what to do with the resources we do have, and there are a variety of different options, but there are no good options. Every option is a bad option." But what is the debt ceiling, ...
Congress last addressed the debt ceiling in June 2023 as part of alegislative packagenegotiated by President Biden and then-House Speaker Kevin McCarthy. That deal suspended the debt ceiling through Jan., 1, 2025, ensuring any fight over it would take place after the 2024 elections. The Treasu...
The debt ceiling, also known as the debt limit, is the total amount of money the United States government can borrow so it can meet its legal obligations.
What is the Debt Ceiling and Why Does the Government Keep Raising It?
“The ramifications on the average American if the U.S. government hits the debt ceiling is that we would no longer be able to borrow money and continue our current level of government spending. Entitlement programs like Social Security andMedicaremay be on the chopping block,...
America's economy is approaching a critical Tipping Point. 美国经济正接近一个关键的转折点。 We do need toraise the debt ceiling to avoid economic Calamity. 我们确实需要提高债务上限以避免经济灾难。 The U.S government has hit itsdebt ceiling of 31.4 trillion dollars causing a tense standoff.Cong...
What Is the Current U.S. National Debt? As of Feb. 3, 2025, the U.S. national debt is $36.21 trillion.7 If Households Have to Pay Off Their Debts, Why Is the U.S. Government Different? The idea that a government should manage its finances like a household is an example of the ...
How big is the national debt, really? Effects of debt-ceiling gridlock on investors. The debt-ceiling debate cycle. Today's debt-ceiling debate vs. past conflicts. Long-term consequences of inflated U.S. debt. How Big Is the National Debt, Really? The massive amount of U.S. debt is ...