The deadline to fund the US government is fast approaching, and it will take a Congress seemingly addicted to brinkmanship to keep the government open.
Will the debt ceiling bill negotiated by President Joe Biden, left, and House Speaker Kevin McCarthy be a lasting solution?
AP Photo/J. Scott Applewhite
Katherine Engel, American University School of Public Affairs e Taryn Morrissey, American University School of Public Affairs
Republicans are pressing for policy changes based on a misconception that hardly anyone who gets help buying groceries with Supplemental Nutrition Assistance Program benefits is employed.
House Speaker Kevin McCarthy agreed to raise the debt ceiling – and avoid an unprecedented US default – but only if Democrats agree to freeze spending and agree to several other demands.
There are fears that Kenya’s debt has been funding mostly government salaries.
Yasuyoshi Chiba/AFP via Getty Images
The US spent $232 billion paying interest on the national debt in the first quarter of 2023 as the Fed jacked up borrowing costs.
Kevin McCarthy addresses the media during one of his earliest news conferences as speaker of the House of Representatives.
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The US debt ceiling is a form of self-delusion: a limit imposed on a borrower by the borrower itself. Australia had one until the Coalition and the Green us, abolished it.
The sky’s not always the limit.
AP Photo/Susan Walsh
The US hit the debt ceiling in March and is expected to run out of ways to get around the new $22 trillion limit by September. An economist explains why the ceiling is a dysfunctional relic.