Tag
Debt Limit
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Budgets/TaxesGovernment
Dare to Dream of a World Without Endless Debt-Ceiling Hikes
by Jesse Hathaway June 21, 2017After legal limits on how much federal government debt could be issued returned in March, President Trump’s advisers began calling on lawmakers to increase the federal government’s authority to borrow and spend.
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Once again the United States government is rapidly approaching a fiscal debt ceiling: After March 16, 2017, Uncle Sam will not be legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit.