If you've ever wondered what exactly the debt ceiling is, you're not alone. Here's what it is and some of the real-world impacts it can have.
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.
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...
Only Denmark has a fixed debt limit comparable to that of the U.S. There, the debt limit is raised through legislation in a separate action from the annual budget process. In Denmark, however, the debt limit is set at a level so high that the ability of debt managers to issue payments...
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While these extraordinary measures will prevent the near-term disruption of the federal government's activities, the reinstatement of the debt ceiling may make this a good time to consider the potential consequences of the government's debt, which is big and likely to get bigger. Sign up for ...
"What that suggests to me is that there are members of Congress who are interested in planning for a crisis rather than avoiding a crisis," she said. Eliminating the debt ceiling The U.S. has had a limit on federal debt since the passage of the Second Liberty Bond Act of 1917, and ...
“My view on the debt ceiling is in no way dependent on which party is in power,” Kelton told me in an email Thursday, arguing that Democratic lawmakers who disagreed when she said Trump is right about the debt ceiling might like the idea of keeping the debt ceiling as their own piece...
Johnson then promised incoming President Donald Trump in December that he would also use a reconciliation bill to raise the debt ceiling, adding another layer of complexity. Conservatives are generally opposed to raising the debt limit and have demanded huge spending cuts in exchange for their ...