Watch VideoThe debt ceiling, or the debt limit, is the maximum amount the federal government can borrow to finance obligations that lawmakers and presidents have already approved.
"The U.S. government, when they reach that limit, they can no longer take any additional debts," said Alexandre Padilla, chair of the Economics...
What is the debt ceiling? How defaulting could affect Americans
Newsy
0 shares
1 views
You might like
Related news coverage
Americans are split on whether US should raise debt ceiling to avoid default: poll
Upworthy
Americans are split on whether Congress should vote to raise the debt ceiling as the clock is ticking on a possible default that..
Advertisement
More coverage
Biden hosts GOP, Dem governors at White House for dinner
Newsy
Watch VideoPresident Joe Biden, hosting both Republican and Democratic governors for a black-tie affair at the White House, raised..
-
Americans want Congress to deal with the debt ceiling. How to do it is complicated
NPR
-
'Not acceptable' to Americans, economy to add $19T to US debt: Rep. Jared Moskowitz
Upworthy
-
Millions of seniors on Social Security are at risk of losing benefits this summer if the GOP doesn't raise the debt ceiling, Janet Yellen says
Business Insider
-
Republicans can use the debt ceiling fight to better prepare Americans for the next economic crisis
Upworthy