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Debt Ceiling: House Approves a Measure to Suspend the Federal Debt ...
Debt Ceiling House Approves a Measure to Suspend the Federal Debt Limit. With a potential default looming, Democrats helped Speaker Kevin McCarthy pass a compromise bill, voting for it in...
The debt ceiling: What is it and what happens if Congress fails to ...
The debt ceiling was last raised in 2021, to $31.4 trillion, where it currently stands. What is the national debt? Almost every year, the government spends more than it collects in taxes — that...
Debt ceiling news: 'An agreement in principle' is reached
McCarthy says House will vote on Wednesday to raise the debt ceiling. 01:12. Create your free profile or log in to save this article. Updated May 27, 2023, 7:50 PM PDT. By NBC News. What we...
Here's what the debt ceiling is and why Congress is arguing about it - NPR
House Democrats on Tuesday passed a bill that would suspend the U.S. debt ceiling through December 2022 and temporarily fund the government to avert a shutdown. Bloomberg via Getty Images. This...
Debt Limit | U.S. Department of the Treasury
The 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.
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