What is a "debt ceiling"? What is the current debt ceiling of the United States? What is the definition of a debt ceiling?The concept is a debt ceiling is pretty simple. A "debt ceiling" is the maximum amount of debt that a government can take on. ...
"Increasing the debt ceiling is not great but we'd rather do it on Biden's watch," Trump and Vance said in their statement. "If Democrats won't cooperate on the debt ceiling now, what makes anyone think they would do it in June during our administration? Let's have this debate now....
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.
What is the Debt Ceiling and Why Does the Government Keep Raising It?
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 hard to visualize in scope and dimension. Just how much is $31.4 trillion? Here's one way to think about it: Eart...
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 ...
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...
The debt ceiling is the maximum amount of money that the United States can borrow cumulatively by issuing bonds. The debt ceiling was created under the Second Liberty Bond Act of 1917 and is also known as the "debt limit" or "statutory debt limit." If U.S. government national debt levels...
The debt ceiling is a cap on the amount of money the U.S. government can borrow to pay its debts. Every year, Congress passes a budget that includes government spending on infrastructure, salaries for federal workers and programs such as Social Security. Congress also taxes people to pay...
The Dept. of Treasury is using extraordinary measures to keep the US out of default. Next steps could involve withholding Social Security payments and government paychecks. If the US does default, it could cause economic havoc. The United States approaches another debt ceiling deadline in January...