by Tracie Handberg | Aug 17, 2023 | Debt, Legislation
The crisis about the federal debt ceiling back in June was temporarily averted when lawmakers agreed to suspend the ceiling and ensure that the US didn’t default on our debt. However, there still may be a government shutdown looming later this fall, since the...
by Thad Gilliam | May 23, 2023 | Debt, Legislation
The debt ceiling traces its roots to 1902. The US government wanted to build the Panama Canal and needed to ask Congress for authorization to borrow specifically for that project. During World War I, requesting such authorization on a project-by-project basis became...
