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The statutory debt limit often referred to as the debt ceiling, is the limit to the amount of debt that the U.S. government can take on to meet its legal obligations.

Lawmakers return to Washington this week with a debt limit deadline looming and no clear plan yet to deal with the issue as the clock ticks down.

What's the debt limit and why is Congress about to raise it again? The U.S. Treasury Department's power to borrow money will expire on March 16 unless Congress acts quickly to raise the debt ceiling.

The United States debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may borrow.The debt ceiling is an aggregate figure which applies to the gross debt, which includes debt in the hands of the public and in intra-government accounts.

The next deadline for raising the debt ceiling is expected in mid-summer 2019, posing a federal spending challenge for the new House Democratic majority. The Bipartisan Policy Center on Thursday ...

The U.S. government will run out of cash to pay its bills around the end of the fiscal year if Congress doesn’t raise the nation’s debt limit before then,...

McConnell’s Last Stand: He Wants Medicare, Social Security Cuts to Raise Debt Limit

House Speaker John Boehner's plan to raise the nation's debt ceiling and slash government spending narrowly passed his chamber on Friday and then was blocked by Senate Democrats, setting up a ...

Presidential politics and political news from foxnews.com. News about political parties, political campaigns, world and international politics, politics news headlines plus in-depth features and ...

WASHINGTON - Treasury Secretary Steven Mnuchin told lawmakers on Wednesday they should vote to increase the government's borrowing authority -- and avert a disastrous economic default -- before ...

Politics And Debt Limit >> Barrack Obama Cartoons and Comics - funny pictures from CartoonStock

Politics And Debt Limit >> Barrack Obama Cartoons and Comics - funny pictures from CartoonStock

Politics And Debt Limit >> President Obama signs 2-year budget deal - CBS News

Politics And Debt Limit >> President Obama signs 2-year budget deal - CBS News

Politics And Debt Limit >> Grey Cup 2015: Edmonton Eskimos Beat Ottawa Redblacks To Win Championship

Politics And Debt Limit >> Grey Cup 2015: Edmonton Eskimos Beat Ottawa Redblacks To Win Championship

Politics And Debt Limit >> Fischer vote to raise debt ceiling uncertain | Federal Government | journalstar.com

Politics And Debt Limit >> Fischer vote to raise debt ceiling uncertain | Federal Government | journalstar.com

Politics And Debt Limit >> Hichilema Acquitted; Remains In Prison For Treason | Zambia Reports

Politics And Debt Limit >> Hichilema Acquitted; Remains In Prison For Treason | Zambia Reports

Politics And Debt Limit >> Nancy Pelosi isn’t apologizing to Democrats for cutting a deal with Trump - The Washington Post

Politics And Debt Limit >> Nancy Pelosi isn’t apologizing to Democrats for cutting a deal with Trump - The Washington Post

Politics And Debt Limit >> Breezy, Ottawa Dog, Beaten Viciously, Left In Dumpster To Die

Politics And Debt Limit >> Breezy, Ottawa Dog, Beaten Viciously, Left In Dumpster To Die

Politics And Debt Limit >> Michael Burgess - U.S. Congress Votes Database - The Washington Post

Politics And Debt Limit >> Michael Burgess - U.S. Congress Votes Database - The Washington Post

Politics And Debt Limit >> How Goldman Sachs Is Ruining My Venezuela

Politics And Debt Limit >> How Goldman Sachs Is Ruining My Venezuela

Politics And Debt Limit >> Chingola’s Chiwempala Market Gutted | Zambia Reports

Politics And Debt Limit >> Chingola’s Chiwempala Market Gutted | Zambia Reports