So what is the debt ceiling all about anyway?

President Donald Trump and the bipartisan leadership of Congress have agreed to a must-pass package that, among other things, extends the debt ceiling through Dec. 15. For something that could have a profound effect on the nation’s economy, the debt ceiling is a pretty arcane topic. But no longer! Here are 10 updated questions and answers designed to shine some light on the subject. 1. So, what is this 'debt ceiling'? The debt ceiling constrains how much debt the federal government can carry at a given time in order to pay for its operations. The debt limit is not new. … >>More stories from National


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