The Impending Debt Ceiling Crisis and Its Impact on Americans.
TL;DR
Failure to raise the debt ceiling could lead to the federal government not being able to pay its bills, including government employees' salaries. This could result in a financial crisis and a government shutdown. The debt ceiling is the maximum amount of money the government can borrow to fund its operations, and failure to raise it would mean the government would have to operate on a limited budget until a deal is reached.
Topics:businesspolitics#budget#debt-ceiling#federal-government#financial-crisis#government-employees#politics
- A Debt Ceiling Breach Could Mean the Federal Government Decides Not to 'Pay Any Government Employees This Week' GovExec.com
- What the debt ceiling has to do with retirement plans NPR
- CFPB director warns 'all of us will end up paying' for U.S. debt default HousingWire
- What does the debt ceiling mean for you? What is it? Why is it important in New Jersey? NorthJersey.com
- How a default on the debt ceiling would affect the average American WUSF Public Media
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