What Is The Debt Ceiling

• Biden, McCarthy narrow in on budget deal to lift debt ceiling

  The White House has offered to freeze next year’s 2024 spending at current levels and restrict 2025 spending, but the Republican leader says that’s not enough.

  U.S. News

  May 26, 2023
  
• The U.S. debt ceiling impasse is making Canadian economists nervous

  As negotiations in Washington stall, economists tell Global News the fight over U.S. government spending and debt may have long-term ramifications on investor confidence.

  Economy

  May 19, 2023
  
• Advertisement
• Can the U.S. avoid a debt ceiling default? Joe Biden says he’s ‘confident’

  Without a debt ceiling deal, the U.S. could begin defaulting on its obligations and trigger financial chaos starting as soon as June 1.

  Consumer

  May 18, 2023
• Advertisement
• New warning U.S. may default in a month without debt deal restarts talks

  Janet Yellen urged congressional leaders "to protect the full faith and credit of the United States by acting as soon as possible" to address the $31.4 trillion borrowing limit.

  U.S. News

  May 1, 2023
• McCarthy ties U.S. debt ceiling deal to spending cuts, other Republican priorities

  In a high-profile speech at the New York Stock Exchange, the U.S. House speaker said Biden is "missing in action" as the deadline nears to raise the debt limit.

  U.S. News

  Apr 17, 2023
• U.S. could default this summer if debt ceiling deal not reached, budget office warns

  The Congressional Budget Office said the U.S. Treasury Department will exhaust its ability to pay all its bills sometime between July and September unless a deal is reached.

  U.S. News

  Feb 15, 2023
• The U.S. has hit its debt ceiling. How could Canada be impacted if a deal isn’t reached?

  U.S. officials have given lawmakers until June to reach a deal to raise its borrowing limit, but experts are split on whether the fight will spark an economic crisis in Canada.

  Economy

  Jan 19, 2023
• U.S. debt ceiling: Treasury buys time for Biden and GOP on deal

  The Treasury Department projects that the federal government will on Thursday reach its legal borrowing capacity of $38.381 trillion.

  U.S. News

  Jan 19, 2023