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Here's what the debt ceiling is and why Congress is arguing about it - NPR
Politics. 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 | 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 U.S. Has Hit the Debt Ceiling. What's Next? - The New York Times
241. 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...
Debt Limit Q&A - FactCheck.org
Posted 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...
White House and G.O.P. Strike Debt Limit Deal to Avert Default
President Biden and Speaker Kevin McCarthy on Saturday reached an agreement in principle to lift the debt limit for two years while cutting and capping some government spending over the same...
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