Feb 12, 2014
The House voted to increase to the government’s borrowing limit
Feb 7, 2014
Basically, Congress appropriates money for projects and programs, then lawmakers have to give the executive branch permission to pay those bills.
Sep 26, 2013
If Congress fails to raise the debt limit, the next question is how to pay the bills.
Sep 25, 2013
The U.S. cannot pinpoint just when it will hit its debt limit, and while a giant unexpected expense could cause a problem, it's revenues that make the deadline tough to figure out.
Aug 27, 2013
The Treasury Department says the U.S. will run out of money on some unknown date in October.
Jul 22, 2011
As the debt ceiling debate drags on in Congress, the political whirlwind that's dominated the news can sometimes cloud the reality of the real...