Tag Archives: debt ceiling deadline

The Debt Ceiling Fight Explained For Dummies!

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On August 1st, America stopped borrowing money. Since then, the treasury has been scrambling to keep paying for things by shifting around funds and trying to get tax dollars to go as far as possible. The current predictions are that America will start bouncing checks in mid-October or mid-November. Here’s what’s happening!

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

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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!

Congress Raises the Debt Ceiling; Raising the Roof

Congress just agreed to raise the debt ceiling which would allow America to keep paying people we owe money. In the same deal they gave themselves a ton of money to spend when they’re creating their next two budgets. Fiscal conservatives are furious about this huge budget increase with the committee for a responsible federal budget calling it the worst budget agreement in our nation’s history. Here’s what happened.