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What is a debt ceiling?

Updated: 8/19/2019
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12y ago

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Debt ceiling is the limit on how much money the US Federal government can owe.

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12y ago
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Q: What is a debt ceiling?
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Related questions

What president did not raise the debt ceiling?

The President cannot raise the debt ceiling. It is set by Congress.


What president raised the debt ceiling most?

The President cannot raise the debt ceiling. It is set by Congress.


How many times has the debt ceiling been raised since the inception of the debt ceiling?

102 times


Can you give me a sentence debt ceiling?

A debt ceiling can be described as the maximum limit that company, organization, or government agency can afford to incur debt. Example sentence: My personal debt ceiling is around a thousand dollars.


How many times has Obama raised the national debt ceiling?

The President cannot raise the debt ceiling. Only Congress can do that.


How many times was the debt ceiling raised under reagen?

The National Debt Ceiling was raised 18 times while Reagan was president.


What is the United States debt ceiling?

The United States debt ceiling is a debate about government spending and debt. It discusses putting limits on the amount of debt the government can be in at any time and how much money the government can spend.


Why does the United States have a debt ceiling?

"The United States has a debt ceiling, so that we as a nation, together with our leaders, can make an attempt to hold ourselves accountable in terms of our fiscal responsibility. The debt ceiling is also in conflict with 14th Amendment of the U.S. Constitution."


What is name of us governments limit on borrowing?

The debt ceiling


Did Tom McClintock vote for the debt ceiling bill?

how did tom mcclintock vote on raising the debt limit


How many times did Ronald Reagan increase the debt ceiling?

Reagan raised the dept ceiling 18 times.


What years did George W. Bush raise the debt ceiling?

The debt ceiling was raised in 2002 to $6.4 trillion, in 2003 to $7.384 trillion, in 2004 to $8.184 trillion, in 2006 to $8.965 trillion and in 2007 to $9.815 trillion. Bush was President during these years, but you must know the President can not raise the debt ceiling- only Congress can do that.