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What is the debt ceiling?

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As America's government hits the debt ceiling, US politics has become a multi-trillion dollar game of chicken. If neither side backs down, America could default on its debts for the first time in history, sparking global economic turmoil. What is the debt ceiling, and how can this crisis be resolved?

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To read more of our covering on the US economy: https://econ.st/3pyttGT

There is no easy escape from America’s debt-ceiling mess: https://econ.st/3I3Cyh5

Investors brace for a painful crash into America’s debt-ceiling: https://econ.st/3VZueon

What is the debt ceiling?: https://econ.st/3pytIlh

America faces a debt nightmare: https://econ.st/3BkzDx0

Republicans are right that federal budgeting is a joke: https://econ.st/3HZ0Hp2
Category
Business
Tags
The Economist, Economist Films, Economist videos
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