The U.S. is once again approaching its debt ceiling, and failure to raise it could trigger a chain reaction across global ...

The fight over the debt limit is as much a fight over political power as it is about the issue itself. Americans are hardly aware of the machinations of the debt limit. In a December YouGov poll ...

Projections that the bill will increase the national debt over time miss the effects of this and of the nominal spending cuts ...

The debt ceiling was suspended in June 2023 and reinstated in January 2025. Where raising the debt limit sets a specific cap, a suspension declines to set a dollar amount.

The OBBB Act raises the debt ceiling and impacts Treasury strategies with $2 trillion in new T-Bills forecasted. Click here ...

The debt ceiling, also known as debt limit, is the law that limits the amount of money the US government can borrow to cover costs — including paying federal employees, ...

What happens if the limit is not raised? If Congress fails to raise the debt ceiling, the government would automatically default on its payments.In the more than 100 years since the limit was ...

The United States hit its $31.381 trillion debt ceiling, or limit, on Jan. 19, 2023. Once that debt limit was reached, the federal government became at risk of default.

Debt Ceiling. Why the Debt Limit Is (Still, Really) Constitutional Biden still wants to explore the 14th Amendment—but it isn't a presidential authority, and the debt limit doesn't create a ...

Powell and Yellen testify on inflation, debt ceiling 06:50. The House and the Senate both voted to raise the debt limit, helping avert a first-time default by the U.S. as the clock ticks down on ...

The debt ceiling is a lot like the limit on your personal credit card. The term "debt ceiling" or debt limit refers to the maximum amount of money the federal government is allowed to borrow. The ...

Republicans and Democrats have long sparred over raising the debt ceiling. But this time, the odds are growing that the U.S. could default. By Jim Tankersley WASHINGTON — For nearly two decades ...