Debt limit

Stock markets aren't upset by the debt limit debate. But that could change as the June 1 default deadline draws closer, analysts say.

The treasury secretary urges Congress to protect nation’s “full faith and credit” by raising the government’s borrowing authority.

The new head of the National Economic Council on inflation, supply chains, jobs and post-SVB bank regulation.

The U.S. government hit its debt ceiling Thursday and must raise the debt limit to avoid defaulting. How did we get here?

Basically, Treasury will have to move money around so it can keep paying the country’s most important bills. At least for a little while longer.

Congress is once again considering raising the debt limit. When did that start?

The Fed could buy defaulted Treasuries or swap Treasury bonds that weren’t in default for those that were.

The economy would be in uncharted — and dangerous — territory.

If Congress fails to raise or suspend the debt limit, it won’t cause a government shutdown. But it could mean a failure to pay Social Security benefits and federal salaries. 

A higher debt limit does not mean funding more government programs. It is paying for the bills already due.