January 15, 2023 | 8:47 AM
The U.S. could hit its debt ceiling within days. Here’s what you need to know.
The ceiling was last raised by $2.5 trillion in December 2021 to a total of $31.4 trillion
The ceiling was last raised by $2.5 trillion in December 2021 to a total of $31.4 trillion
Congressional forecasters expect the federal deficit will hit the second largest in decades, even without factoring in President Biden’s proposed $1.9 trillion coronavirus relief plan.
Washington spent hundreds of billions of dollars trying to prop up small businesses and assist laid-off workers.
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