US Debt Ceiling Issue: News Updates
The United States Treasury Secretary has issued a stark warning: if the House of Representatives and the President’s White House cannot agree to raise or suspend the debt ceiling, the nation may face default on its debt as early as June 1.
US Debt Ceiling Issue: News Updates and History
The US Debt Ceiling Issue refers to the statutory limit set by Congress on the total amount of money that the federal government is authorized to borrow to cover its expenditures. When government spending exceeds its revenue, the Treasury Department must borrow money by issuing Treasury bonds to cover the shortfall.
Table of Content
- US Debt Ceiling Issue: News Updates
- ]US Debt Ceiling: Definition
- US Debt Ceiling Issue: Factors
- US Debt Ceiling Issue: History
- US Debt Ceiling Issue: Current Situation
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