Why the U.S. Is Having Yet Another Debt Ceiling Debate

The very phrase “debt ceiling” sounds austere and restrictive, as if it’s a lid on authorities spending. In truth, the U.S. federal debt restrict was first conceived greater than a century in the past to make it simpler, not more durable, for the federal government to borrow cash. But it surely morphed into an explosive political software with the potential to roil monetary markets, since a failure to lift the debt ceiling might finally end in a first-ever default on a few of the authorities’s obligations.

https://www.washingtonpost.com/enterprise/why-the-us-is-having-yet-another-debt-ceiling-debate/2021/09/13/2967b136-14cb-11ec-a019-cb193b28aa73_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Why the U.S. Is Having But One other Debt Ceiling Debate


Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Back to top button