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United States debt ceiling

In the United States, the debt ceiling is a law limiting the total amount of money the federal government can borrow. Since 2025, the debt ceiling is $41.1 trillion after being raised by $5 trillion through the "One Big Beautiful Bill Act" (OBBBA). The debt ceiling is expected to breach by 2027. The U.S. government has borrowed to finance its budget…

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Background

Relationship to federal budget

Legislative history

Extraordinary measures

Default on financial obligations

Debate on debt ceiling

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United States debt ceiling

Nodes83
Edges82
Triples5
Avg. degree1.98
Density0.024096
Components1

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Important terminology

debt ceiling government treasury congress limit measures default federal budget would president act raised extraordinary 2011 united senate states law

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Jacob Funk Kirkegaardinstance ofThe proposal found support from some economists0.80text
a senior fellow at the Peterson Institute for International Economics.In January 2013instance ofThe proposal found support from some economists0.80text
a survey of 38 economists found that 84 percent agreed thatinstance ofThe proposal found support from some economists0.80text
since Congress already approves spendinginstance ofThe proposal found support from some economists0.80text
taxationinstance ofThe proposal found support from some economists0.80text

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