Top 7 facts about United States debt ceiling 2023

The United States debt ceiling is a legislative limit on the amount of debt that the United States government can incur.

Here are the Top 7 facts about United States debt ceiling 2023

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1. The debt ceiling was first established in 1917, with the Second Liberty Bond Act.

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2. The debt ceiling was raised multiple times under the Obama Administration.

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3. The debt ceiling was temporarily suspended again from 2018 to 2019.

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4. In 2019, the debt ceiling was raised to $22 trillion.

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5. The United States debt ceiling is the maximum amount of money that the federal government is authorized to borrow.

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6. The debt ceiling is set by Congress and has been periodically raised throughout history.

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7. The debt ceiling has been a source of political debate and has led to government shutdowns in the past

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