United States debt ceiling - Wikipedia
The process of setting the debt ceiling is separate and distinct from the United States budget process, and raising the debt ceiling neither directly increases nor decreases the budget …
U.S. Debt Ceiling: Definition, History, Pros, Cons, and Clashes
Feb 25, 2025 · What Is the Debt Ceiling? The debt ceiling—also known as the debt limit—is the maximum amount of money that the United States can borrow cumulatively to meet its existing …
What is the federal debt ceiling? - Brookings
Jul 7, 2025 · When the federal government runs a deficit —that is, spends more than it collects in revenue—it borrows money to cover the difference, usually by issuing IOUs in the form of U.S. …
What is the debt ceiling? What to know as deadline looms.
Jun 4, 2025 · Here's what to know about the debt ceiling, why it gets raised, and what happens if we default.
What Is the Debt Ceiling and Why Does It Matter?
Dec 20, 2024 · What Is the Debt Ceiling and Why Does It Matter? The cap on how much the government can borrow has become a political football, but the consequences are very real.
What is the debt ceiling, and what could defaulting mean?
Feb 12, 2025 · The debt ceiling is the legal limit on the total amount of federal debt that the US government can have outstanding. It was devised in 1917 to save Congress from having to …
Infographic: What Is the Debt Ceiling?
Sep 5, 2025 · Legislation signed into law in July 2025 extends the debt ceiling by $5 trillion — from $36.1 to $41.1 trillion. Why is understanding the debt ceiling important and what are the …
US debt ceiling: Everything you need to know | World Economic …
Jun 8, 2023 · US lawmakers averted a crisis by suspending the country’s debt ceiling last week, saving the country from running out of money to pay its bills. But what exactly is the debt …
Debt Ceiling: What Is It and What Happens If the US Defaults?
May 13, 2025 · When this happens, Congress faces a choice: lift or temporarily suspend the “ debt ceiling,” or risk the US government defaulting on its payments to its citizens and creditors, …
Debt ceiling | Budget Deficit, Fiscal Policy, & U.S. Government ...
debt ceiling, statutory or constitutionally mandated upper limit on the total outstanding public debt of a country, state, or municipality, usually expressed as an absolute sum.