The US Debt Ceiling Will Be Raised As Per Usual
Opinion: The Republicans are just using it to brow beat the Democrats into doing stuff they wouldn't otherwise do
The US Government spends a lot more money than it actually brings in and has done so for years. The debt ceiling is supposed to be a cap on how much the government can borrow (current limit is $28.4 trillion). The US hit that cap on 1st August 2021 meaning it could not borrow any more money without approval from Congress.
How Does All This Work?
