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Bookmark or Share- The U.S. Debt Ceiling: Everything You Need to Know - The New York TimesThe national debt now stands at $28.43 trillion, according to the Peter G. Peterson Foundation’s live tracker. Currently the borrowing cap is set at $28.4 trillion, leaving the federal government...
- Here's what the debt ceiling is and why Congress is arguing about it - NPRWhat is the debt ceiling? It's the limit on how much money the federal government can borrow. Or to be more precise, the limit on how much the federal government will be...
- 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. The debt limit does not authorize new spending commitments.
- Biden and McCarthy reach a final deal to avoid US default and now must ...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.
- The U.S. Has Hit the Debt Ceiling. What's Next? - The New York Times241. Time is running out for Congress to raise the nation’s debt limit, which controls how much money the government can borrow to pay its bills. Lawmakers will need to reach a bipartisan...
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