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USA Conversation

The Conversation USA

The Conversation USA

What's the deal with the debt ceiling? 5 questions answered

  • Written by Steven Pressman, Professor of Economics, Colorado State University
imageCeilings are overrated. AP Photo/J. Scott Applewhite

Editor’s note: The U.S. government maxed out its credit card in March and has been moving money around ever since to avoid running out of cash. But very soon we will reach the limits of this financial sleight of hand, and Congress will have to either raise the debt ceiling – currently...

Read more: What's the deal with the debt ceiling? 5 questions answered

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