The debt ceiling is back, but no need to worry – yet

Jan 2, 2025 · The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025. President-elect Donald …

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Debt Ceiling: Republicans Still Have To Deal With The Debt Limit In ...

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Dec 27, 2024 · The US last dealt with a debt ceiling crisis in early 2023, when it hit its $31.4 trillion debt limit. After months of contentious negotiations between the GOP-led House and the …

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The U.S. Is About To Hit The Debt Ceiling Again: What

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Jan 3, 2025 · By law, the new limit was set at the current level of the national debt, around $36 trillion. With the debt generally rising over time due to government spending deficits, it is …

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The Debt Ceiling Is Back, But No Need To Worry – Yet - MSN

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The debt ceiling is back, but no need to worry – yet. ... However, even if the GOP increases the debt limit by $1.5 trillion on its own, that would not buy the party much time, Akabas said. ...

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5 Things People Get Wrong About The Debt Ceiling Saga : NPR

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May 25, 2023 · The U.S. can currently borrow up to $31.4 trillion, and political leaders need to urgently raise or suspend that debt ceiling or risk leaving the country unable to pay its bills. …

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FAQs about The debt ceiling is back, but no need to worry – yet Coupon?

Is the federal debt ceiling back in the news?

The federal debt ceiling is back in the news yet again. The U.S. still has a little time to hit its debt ceiling, but President-elect Donald Trump's eleventh-hour demand that Congress suspend the debt limit as part of ongoing talks to prevent a government shutdown has again put the subject front and center. ...

Will the debt ceiling return in 2025?

The debt ceiling returned on January 2, but Congress has several months to address it before the nation could default on its obligations. The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025. ...

Is the debt ceiling roiling Washington?

What to know : NPR Once again, the debt ceiling is roiling Washington. Here are 4 things to know President-elect Donald Trump's demand that Congress suspend the debt limit as part of ongoing talks to prevent a government shutdown has put the focus on the debt ceiling yet again. The federal debt ceiling is back in the news yet again. ...

Will the debt ceiling be reinstated?

Addressing the debt ceiling, which will be reinstated on January 2, is still on the list of congressional Republicans’ New Year’s resolutions. The House last week fell far short of passing a two-year extension of the suspension of the limit as part of a GOP-led government spending bill. ...

Is the debt ceiling back in effect?

Although the debt ceiling is now back in effect, it could be days before the U.S. hits its congressionally mandated debt level and months after that before Congress would be forced to act to extend it. By law, the new limit was set at the current level of the national debt, around $36 trillion. ...

What is the new debt ceiling?

The new ceiling is the amount of outstanding debt subject to the limit at the end of the previous day. That figure stood at just over $36.1 trillion on December 31, up from $31.4 trillion in June 2023, when the cap was suspended as part of the bipartisan Fiscal Responsibility Act. ...