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- The U.S. Debt Ceiling: Everything You Need to Know - The New York TimesThe debt limit is a cap on the total amount of money that the federal government is authorized to borrow to fulfill its financial obligations. Because the...
- Here's what the debt ceiling is and why Congress is arguing about it - NPRPolitics. A $3.5 Trillion Question: What Is Budget Reconciliation? Here's An Explainer. What is the debt ceiling? It's the limit on how much money the federal government can borrow. Or to be more...
- Debt Limit Q&A - FactCheck.orgPosted on September 22, 2021. Democrats and Republicans are once again in a standoff over a looming debt limit crisis. Congress must raise or suspend the limit on federal borrowing soon or the...
- Debt Limit | U.S. Department of the TreasuryThe debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.
- Biden and McCarthy reach a final deal to avoid US default and now must ...Published 7:15 PM PDT, May 28, 2023. WASHINGTON (AP) — With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation’s debt ceiling and worked to ensure enough support in Congress to pass the measure in the coming week.
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