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Topic: debt-ceiling

The United States Capitol building in Washington
New Economy
Saturday, 7/11, 07:37 AM

What Is the US Debt Ceiling, and Why Does It Matter?

  • The US debt ceiling is a legal cap Congress sets on how much the federal government can borrow.
  • A common misconception is that raising it authorizes new spending; in fact it just lets the Treasury pay for bills Congress has already run up.
  • When the limit is reached, a countdown begins toward a potential default that has never happened, and that markets dread.

debt-ceiling — news and stories on this topic

This page collects all of Boursel's coverage of debt-ceiling. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

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