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  1. The US debt ceiling is a self-imposed cap on the amount of money the federal government can borrow to pay its bills. And a default risks global market turmoil. US lawmakers averted a crisis by suspending the country’s debt ceiling last week.

  2. 2. Juni 2023 · Under the debt ceiling compromise between the White House and congressional Republicans, work requirements will be raised on low-income Americans who receive federal benefits to buy food.

  3. The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.

  4. 29. Mai 2023 · The debt ceiling deal has come with just days to spare before a potential first-ever government default. On Sunday, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement and they are urging Congress to quickly pass it.

  5. 27. Mai 2023 · With the government on track to reach its borrowing limit within days, negotiators sealed an agreement to raise the debt ceiling for two years while cutting and capping certain federal...

  6. 8. Mai 2023 · Lawmakers will need to reach a bipartisan agreement to lift the debt limit. The longer it takes, the more turmoil there could be for the United States and the global economy.

  7. 11. Jan. 2023 · Published Jan. 11, 2023 Updated Jan. 19, 2023. WASHINGTON — Washington and Wall Street are bracing for a revival of brinkmanship over the nation’s statutory debt limit, raising fears that the...