Web Results

en.wikipedia.org/wiki/United_States_debt_ceiling

The United States debt ceiling or debt limit is a legislative limit on the amount of national debt that can be issued by the US Treasury, thus limiting how much money the federal government may borrow. The debt ceiling is an aggregate figure which applies to the gross debt, which includes debt in the hands of the public and ...

www.nytimes.com/2017/06/29/us/politics/debt-ceiling-congress-deadline.html

Jun 29, 2017 ... Steven Mnuchin, the Treasury secretary, in May before a meeting with the House Ways and Means Committee about the 2018 fiscal year budget proposals. Credit Al Drago/The New York Times. WASHINGTON — Congress has until mid- October to raise the statutory borrowing limit or the United States will ...

www.brookings.edu/blog/up-front/2017/08/03/the-hutchins-center-explains-the-debt-limit

Aug 3, 2017 ... When the federal government runs a deficit—that is, spends more than it collects in revenue—it borrows money to cover the difference, usually by issuing IOUs in the form of U.S. Treasury securities. The debt ceiling is a legal limit on the amount of borrowing the Treasury can do. Before 1917, each loan ...

money.cnn.com/2017/08/24/news/economy/debt-ceiling/index.html

Aug 24, 2017 ... If lawmakers fail to raise the debt ceiling, a new analysis calculates that Treasury would not be able to pay 23% of the government's bills due in October. ... " policymakers would need to act in advance of October if they intend to ensure that all obligations of the U.S. government are paid in full and on time.".

www.npr.org/2017/07/18/537018772/9-questions-about-the-debt-ceiling-answered

Jul 18, 2017 ... It's time again for one of Washington's favorite manufactured crises. The U.S. surpassed the current debt ceiling in March and is now using what are called " extraordinary measures" to keep the government paying its bills. But that can't go on forever. Senate Majority Mitch McConnell says he wants a vote on ...

money.cnn.com/2017/03/02/news/economy/debt-limit/index.html

Mar 2, 2017 ... Republicans may want to pass a lot of items on their fiscal wish list in 2017. But they will have to pass one thing they hate: an increase in the debt ceiling or approve another suspension.

www.thebalance.com/u-s-debt-ceiling-why-it-matters-past-crises-3305868

The debt ceiling is a limit on how much debt the U.S. government can have. The current ... It already knows how much it will add to the debt when it approves that year's budget deficit. When it refuses ... Since March 2017, the Treasury has been raiding federal pension funds to keep from issuing new debt. It will run out of ...

www.usnews.com/opinion/economic-intelligence/articles/2017-09-26/the-debt-ceiling-has-no-real-effect-on-federal-spending

Sep 26, 2017 ... 7 of this year, the debt flatlined. Give or take some very minor fluctuations, the debt held steady at $19.8 trillion. That's the debt ceiling in action. The government hit the ceiling in March. From that point until the ceiling was lifted on Sept. 7, the government was prohibited from borrowing more, so the debt ...

www.usatoday.com/story/news/politics/2017/03/12/what-is-the-debt-limit/98906704

Mar 12, 2017 ... The U.S. Treasury Department's power to borrow money will expire on March 16 unless Congress acts quickly to raise the debt ceiling. ... WASHINGTON — While Congress has been focused on creating a new health care law and confirming President Trump's Cabinet nominees, lawmakers have paid ...