There was an update in the U.S. on the evolving debt ceiling issue. Here's what you need to know. Quickly, remind me what the debt ceiling is? Debt ceiling = debt limit The debt ceiling is the maximum amount of money the U.S. government can borrow to fulfil its financial obligations. The intention of the debt ceiling is to keep the federal government fiscally responsible by regulating spending, and to ensure Congress authorises further borrowing. When the debt ceiling is reached, Congress needs to raise it for the country to continue borrowing.
What's the latest on the U.S. debt ceiling?
What's the latest on the U.S. debt ceiling?
What's the latest on the U.S. debt ceiling?
There was an update in the U.S. on the evolving debt ceiling issue. Here's what you need to know. Quickly, remind me what the debt ceiling is? Debt ceiling = debt limit The debt ceiling is the maximum amount of money the U.S. government can borrow to fulfil its financial obligations. The intention of the debt ceiling is to keep the federal government fiscally responsible by regulating spending, and to ensure Congress authorises further borrowing. When the debt ceiling is reached, Congress needs to raise it for the country to continue borrowing.