President Biden and top congressional leaders are set to meet Tuesday to discuss raising the debt ceiling.Which raises a lot of questions, including what the debt limit actually is and why the United States has one.Here's everything you need to know about the debt limit.The debt limit is a cap on the total amount of money that the United States is authorized to borrow to fund the government and meet its financial obligations.
#back #united-states #president-biden #federal-government #flexibility #constitution #obligations #financial-crisis #treasury-department #armed-forces
[
add
]
[
|
|
...
]