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?

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