The Conversation

Fri Jul 23

Why America has a debt ceiling: 5 questions answered

Written by Steven Pressman, Emeritus Professor of Economics and Finance, Monmouth University

The sky's not always the limit. AP Photo/Susan Walsh

Another big fight is brewing over the U.S. debt ceiling, which is a statutory limit on how much the government can borrow to pay its bills. In an interview, Senate Minority Leader Mitch McConnell said Republicans won’t agree to lift the debt ceiling in “this free-for-all for taxes and...

Why America has a debt ceiling: 5 questions answered

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