Reported 3 days ago
The U.S. government is on the brink of hitting its debt ceiling again, with a new borrowing limit of around $36 trillion reinstated. Although this limit won't immediately impact the national finances, it poses significant risks if not addressed by lawmakers by the summer. Should the ceiling be breached, the government may face tough decisions on which obligations to meet, potentially triggering a financial crisis. The Treasury Department can employ temporary measures to manage payments until Congress acts to extend the limit.
Source: YAHOO