Understanding the Debt Limit and Why It Matters

Understanding the Debt Limit and Why It Matters

Date: November 3, 2021

Earlier this month, Congress approved a bill to raise the U.S. debt limit to $480 billion, averting a potential default… Earlier this month, Congress approved a bill to raise the U.S. debt limit to $480 billion, averting a potential default. However, lawmakers only bought themselves additional time and will have to address the debt limit […]

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