What is the debt ceiling? What has Trump said about the US debt limit? What to know.
The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to those it borrowed from and dole out money for everything from Medicare benefits to military salaries, the government needs more money, so the debt ceiling has to be raised.
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted as ideas were floated to push the issue off until 2027 or 2029 (or even forever). But it was not to be.
President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk ...
CDLAC has a population-based formula to determine the cap. CDLAC was created to set and allocate California's annual debt ...
Republican hardliners who normally are ardent supporters of President-elect Donald Trump are resisting his push to raise the ...
After days of threats and demands, Donald Trump had little to show for it once lawmakers passed a budget deal.
The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to ...
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