Exploring the Impact of the 2023 US Debt-Ceiling Crisis on Money and Investing | |
The existing US debt ceiling, surpassing $31 trillion, is on the brink of breach, prompting discussions among lawmakers for a potential increase. This week, we delve into the crucial aspects to monitor amidst this unfolding situation. Understanding the Debt Ceiling In this context, the debt ceiling represents the cumulative debt accrued by the US government. The nation's substantial spending habits, exacerbated by recent unprecedented expenditures, particularly in response to the COVID-19 pandemic, have significantly elevated this debt. The need to borrow for stimuli during lockdowns and business disruptions has contributed to the surge in national debt. | |
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