Yahoo Web Search

Search results

1. www.whitehouse.gov › the-debt-ceiling-an-explainerThe Debt Ceiling: An Explainer | CEA | The White House

   www.whitehouse.gov › the-debt-ceiling-an-explainer

   • Cached

   Oct 6, 2021 · The debt limit is a ceiling imposed by Congress on the amount of debt that the U.S. Federal government can have outstanding. This limit has been set at $28.4 trillion since August 1st, 2021.

2. www.politifact.com › article › 2021The looming debt-ceiling showdown: What you need to know

   www.politifact.com › article › 2021

   • Cached

   Sep 22, 2021 · It could be you. If you hold a savings bond your grandmother gave you on your 10th birthday, or if you go to www.treasurydirect.gov to purchase Treasury securities like a bond, bill or note,...

3. www.nytimes.com › 2021/09/27 › usThe U.S. Debt Ceiling: Everything You Need to Know - The New ...

   www.nytimes.com › 2021/09/27 › us

   Sep 27, 2021 · While the debt ceiling debate often elicits calls by lawmakers to cut back on government spending, lifting the debt limit does not authorize any new spending and in fact simply allows the...

4. www.factcheck.org › 2021 › 09Debt Limit Q&A - FactCheck.org

   www.factcheck.org › 2021 › 09

   • Cached

   Sep 22, 2021 · The limit, also known as the debt ceiling, applies to all federal debt — both debt held by the public (money borrowed from sources outside the government) and intragovernmental holdings (money...

5. www.nytimes.com › economy › us-debt-ceilingEverything You Need to Know About the Debt Ceiling

   www.nytimes.com › economy › us-debt-ceiling

   May 2, 2023 · In 2021, Ms. Yellen said she supported abolishing the debt limit. What happens if the debt limit is not raised or suspended? If the government exhausts its extraordinary measures and runs out...

6. www.cbo.gov › publication › 57517Federal Debt and the Statutory Limit, September 2021

   www.cbo.gov › publication › 57517

   • Cached

   Sep 29, 2021 · On August 1, the debt limit was reset to $28.4 trillion; on the following day, the Treasury announced a “debt issuance suspension period” during which, under current law, it may take “extraordinary measures” to borrow additional funds without breaching the debt ceiling.

7. People also ask

   Should the debt ceiling be lifted?

   • That includes funding for social safety net programs, interest on the national debt and salaries for troops. While the debt ceiling debate often elicits calls by lawmakers to cut back on government spending, lifting the debt limit does not authorize any new spending and in fact simply allows the U.S. to finance existing obligations.

   The U.S. Debt Ceiling: Everything You Need to Know - The New York Ti…

   www.nytimes.com/2021/09/27/us/politics/us-debt-ceiling.html

   See all results for this question

   What is the federal debt ceiling?

   • The debt ceiling approximates the credit limit on a credit card. It’s a dollar figure that constrains how much debt the federal government can carry at a given time in order to pay for its operations, and it’s currently set at $28.4 trillion.

   The looming debt-ceiling showdown: What you need to know - PolitiFact

   www.politifact.com/article/2021/sep/22/looming-debt-ceiling-showdown-what-you-need-know/

   See all results for this question

   What is the debt limit in 2021?

   • This limit has been set at $28.4 trillion since August 1st, 2021. It is also important to note that the debt limit is not a forward-looking budgeting tool that reveals what policymakers think are ideal levels of spending and revenue.

   The Debt Ceiling: An Explainer | CEA | The White House

   www.whitehouse.gov/cea/written-materials/2021/10/06/the-debt-ceiling-an-explainer/

   See all results for this question

   What happens if the debt ceiling is reached?

   • Once the debt ceiling is reached, the federal government can’t borrow any more money. At that point, the government would have a little breathing room to send out payments. It could use the cash it already had on hand, plus any new revenue it received in the interim. But that cash supply would eventually run out, too.

   The looming debt-ceiling showdown: What you need to know - PolitiFact

   www.politifact.com/article/2021/sep/22/looming-debt-ceiling-showdown-what-you-need-know/

   See all results for this question

   Why is the US debt ceiling so high?

   • The lack of a replacement is one of the main reasons the debt ceiling has persisted. The United States could follow the Denmark model and raise the debt limit stratospherically high. Some have also suggested that it could also force the limit to increase in lock step with new funding.

   The U.S. Debt Ceiling: Everything You Need to Know - The New York Ti…

   www.nytimes.com/2021/09/27/us/politics/us-debt-ceiling.html

   See all results for this question

   Will Congress raise or suspend the debt limit?

   • Congress must raise or suspend the limit on federal borrowing soon or the U.S. government won’t be able to pay its bills. Here we provide the facts on the political dispute. What is the debt limit? The debt limit is a cap on how much the Treasury Department can borrow to fund federal operations.

   Debt Limit Q&A - FactCheck.org

   www.factcheck.org/2021/09/debt-limit-qa/

   See all results for this question

8. nymag.com › intelligencer › articleDebt Ceiling 2021: When It’s Reached & What Congress Can Do

   nymag.com › intelligencer › article

   Aug 6, 2021 · What are the options for getting this done? McConnell has helpfully suggested that Democrats just include a debt limit increase in the Fiscal Year 2022 budget-reconciliation bill that is...