The national debt has risen strongly the first few days of
September. It now stands at $7.367 trillion. This is only $17
billion away from the legal debt ceiling, passed in May 2003.
The Constitution requires Congress to raise the
debt ceiling before the government can overspend above the
amount it last legalized. So we're very close to watching
Congress be forced to raise the debt ceiling or shut down
every part of the government that requires them to spend more
than it takes in.
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- will the us need to raise its debt ceiling?
will the us need to raise its debt ceiling?
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