Federal Debt Ceiling Reached as Federal Spending Rages

7:42 AM

First published by Money Metals here: https://www.moneymetals.com/news/2019/07/15/federal-debt-ceiling-reached-001815

The federal government will soon run up against its self-imposed borrowing cap once again. Current estimates are for the government to max out its credit limit at a little over $22 trillion in early September. Congress goes on recess in August, so there is some pressure to address the cap right now.

You Might Also Like

0 comments