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Bookmark or Share- Debt ceiling meaning: What has Trump said about eliminating it? - USA TODAYThe debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to those it borrowed from and dole out money for everything from ...
- What is the debt ceiling and what happens if the US defaults?The national debt ceiling, or debt limit, is essentially a cap, decided by lawmakers, on how much debt the U.S. government can have. On Jan. 18, 2023, the last time we reached that limit, it sat ...
- 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.
- Federal Debt and the Statutory Limit, May 2023The debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased or suspended over the years to allow for the additional borrowing needed to finance the government’s operations.
- Senate passes debt ceiling deal | CNN PoliticsPresident Joe Biden said he will sign the debt limit bill on Saturday. The legislation was passed by both chambers of Congress this week as lawmakers scrambled to avoid a US debt default.
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