Answer: Not a penny more than $19.808 trillion -- that's the federal debt limit currently authorized by Congress, which we're expected to hit on or about Oct. 3. In layman's terms, that's the cap on how much debt the government can …
What happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or lowlights — from the BPC analysis (the …
Yesterday, President Trump infuriated fellow Republicans by agreeing to Democratic plans for a short-term debt-ceiling hike, rather than the longer-term one they favor. But something far more significant came out of the meeting: Trump and …
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 …
KPBS9mon
The following editorial appeared in the Baltimore Sun on Aug. 11: BALTIMORE (Tribune News Service) — With a Republican president and a Republican Congress, raising the debt ceiling should be no big deal. But what about this …
(WASHINGTON) -- While President Donald Trump has spent much of his first six months in office attempting to roll back many of the actions instituted by his predecessor, on at least one issue, the Trump administration is echoing a stance …
WBAL8mon
WASHINGTON, DC — As tensions in North Korea escalate, health care reform efforts are abandoned and the Russia investigation eats up much of the nation's political bandwidth, another simmering legislative crisis has the potential to …
The legal limit on how much the United States government can borrow returns on Thursday, potentially setting up an intense political battle in Congress. Lawmakers will have until sometime this autumn to raise the debt ceiling before …
When the national debt ceiling's suspension was automatically lifted March 15, yet another countdown commenced. Congress will be compelled to raise the government's borrowing limit again before April 28 and fund the government. …