The Debt Ceiling is a limit on the amount of money the US government can borrow.
What is the Debt Ceiling?
What if the Debt Ceiling is not raised?
If the Debt Ceiling is not raised, the government will not be able to pay all its bills, which could lead to a government shutdown.
Market Crash and Debt Limit
If the debt limit is not raised in time, it could lead to market instability and affect the economy.
Debt Ceiling raise frequency
The Debt Ceiling has been raised over 100 times since it was first introduced in 1917.
Who has the power to raise the Debt Ceiling?
Congress has the power to raise the Debt Ceiling.Congress should take the debt limit seriously
Is there a risk of defaulting on the debt?
Yes, there is a risk of defaulting on the debt if the Debt Ceiling is not raised in time.
Potential consequences of defaulting on the debt
Defaulting on the debt could lead to a decrease in the US credit rating, higher interest rates, and damage to the US economy.
What is the current status of the Debt Ceiling?
The current suspension of the Debt Ceiling is set to expire on December 3, 2022. Congress will need to take action Debt Ceiling
In conclusion, a market crash is not necessary to raise the debt limit, there are other solutions that can be explored before such extreme measures are taken.