If the revenue isn't enough, the Treasury Secretary must choose between ...  Congress must raise the debt ceiling so the United States doesn't default on its  debt. ... The Committee for a Responsible Federal Budget estimated that the debt  will ...
If not, Treasury will be unable to continue paying the nation's bills. ... The Budget  Control Act of 2011 automatically raised the debt ceiling by $900 billion and ....  Importantly, though, failing to control the national debt would also have serious ...
Jan 31, 2018 ... If the debt ceiling isn't raised by the first half of March, CBO said, “the government  would be unable to pay its obligations fully, and it would ...
The United States debt ceiling or debt limit is a legislative limit on the amount of  national debt ... If this situation were to occur, it is unclear whether Treasury  would be able to prioritize payments on debt to avoid a ... Congress raised the  debt limit with the Budget Control Act of 2011, which added to the fiscal cliff when  the new ...
Sep 6, 2017 ... Why congress should kill the debt ceiling for good ... is the point of having a debt  ceiling/limit if it is always raised and thus never adhered to? ... well that has failed  miserably as total Federal Government debt is now above ...
On whether the federal debt limit should be raised