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2023 United States debt-ceiling crisis: Difference between revisions
2023 United States debt-ceiling crisis (view source)
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''See also: [[Macroeconomics]]'' | |||
''Discussion: [https://forum.investmentwiki.org/t/2023-united-states-debt-ceiling-crisis/23 2023 United States debt-ceiling crisis]'' | |||
== What is it? == | == What is it? == | ||
The debt ceiling is the legal limit on the total amount of federal debt the government can accrue. The limit applies to almost all federal debt, including the roughly $24.6 trillion of debt held by the public and the roughly $6.8 trillion the government owes itself. | The debt ceiling is the legal limit on the total amount of federal debt the government can accrue. The limit applies to almost all federal debt, including the roughly $24.6 trillion of debt held by the public and the roughly $6.8 trillion the government owes itself. | ||