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What is the Debt Ceiling? The Coming 2021 Debt Ceiling Crisis, Explained


August 11, 2021Uncategorizeddebt ceiling 2021, debt ceiling amount, debt ceiling analogy, debt ceiling august, debt ceiling august 2021, debt ceiling budget reconciliation, debt ceiling crisis, debt ceiling crisis 2021, debt ceiling deadline, debt ceiling deadline missed, debt ceiling debacle, debt ceiling debate, debt ceiling debate 2021, debt ceiling default, debt ceiling discussion, debt ceiling expiration, debt ceiling explained, debt ceiling explained for dummies, debt ceiling fight, debt ceiling hike, debt ceiling in the us, debt ceiling infrastructure, debt ceiling issue, debt ceiling july 2021, debt ceiling newsStephen Mackey

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Will congress be able to keep charging expenses to America’s “credit card”? We’re about to find out. On July 31st, the treasury hit it’s $28.5 trillion debt ceiling. Now the question is, how are politicians going to raise it? A partisan budget reconciliation measure? A bi-partisan negotiation? Here is exactly what is happening!

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