The problem here is that they're asking only to get rid of the debt ceiling for a short period of time to allow them to do a massive new tax cut for billionaires and millionaires. There are some Republicans who've never voted to raise the debt limit and never will. Now, many say ra...
Set by Congress, thedebt ceiling, or limit, is the maximum amount of money the U.S. Treasury is authorized to borrow to pay debts incurred by the federal government. Lifting the debt ceiling does not authorize new spending, but instead lets the government spend money on obligations that Cong...
Yes. This is an even bigger deal than a government shutdown. A government shutdown occurs when Congress does not approve a new spending bill for the next fiscal year, so new payments, such as paychecks, are stopped. In 2019, around 800,000 federal employees were affected by a governm...
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?
"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, ...
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...
Government debt is often likened to personal debt to convey concern about its size but a family can't pay its debts in its currency as the U.S. government does. How the borrowed money is used may matter more than the absolute level of debt or its proportion to a country's GDP. Americ...
Should the plan be implemented, the pause would end sixty days after that. If the program is not implemented by June 30, the payments would resume 60 days after that. The Education Department has said it would notify borrowers before payments restart. What the debt ceiling deal does not ...
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...