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864 9 questions about the debt ceiling, answered

Vox
Li Zhou @ Vox · 05/16/2023 16:54 EDT

9 questions about the debt ceiling, answered

President Joe Biden shakes hands as he presents a copy of his speech to House Speaker Kevin McCarthy before he delivers his State of the Union address on February 7, 2023 in Washington, DC. | Jacquelyn Martin-Pool/Getty ImagesWhat is the debt ceiling? What happens if the US breaches it? And other questions you were too embarrassed to ask. This spring, Congress finds itself standing at a familiar precipice. Once again, if lawmakers don’t agree to suspend or raise the debt ceiling, the federal government risk

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