Debt ceiling: Will it be raised and what could happen if it doesn't? | Just the FAQs 1

Debt ceiling: Will it be raised and what could happen if it doesn’t? | Just the FAQs


Democrats and Republicans are battling over what to do about the federal debt limit. Here's what will happen if the U.S. defaults on its debt. RELATED:

WASHINGTON – Democratic and Republican leaders clashed over funding the federal government and raising the nation's limit on borrowing, leaving the issues unresolved as Democratic leaders unveiled a plan for voting on both at once.

The problem is two-fold. Congress hasn’t approved funding for the government for the year that begins Oct. 1, so lawmakers need a temporary spending measure by then. The so-called continuing resolution would keep the government functioning until year-long legislation is approved.

In addition, Treasury Secretary Janet Yellen has warned that the country will reach its limit on borrowing in mid-October, so the ceiling must be raised.

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  1. Dr Awole is like a God in human form, I permanently got a complete healing after using the roots and herbs supplements I ordered from Dr Awole on YouTube for Eliminating my long term HSV 1&2…

  2. The reporter is the “propagandist” The reporter? What’s that line of Jack Nicholson”s? “You can’t handle the truth”

  3. This is embezzlement of all politicians that pass these bills and raise the debt limit. This is how congress get rich people. They know where the money is going and to whom and where to go get it after they commit this crime while you are watching them do it.

  4. We need more segments on the history of US government shutdowns and maybe some from around the world. This is a topic that should be addressed in context of the greater world outside of America.

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