Please disable your adblock and script blockers to view this page

Debt ceiling deadline: Here's when the government will no longer be able to pay its bills


Watch CBSN Live
CBS News
Congressional Budget Office
Capitol Hill
The Treasury Department
The Congressional Budget Office
the Bipartisan Policy Center
Senate
bill."I
Punchbowl News
Senate Finance
GOP
House
Standard and Poor's
AAA
AA+
White House
the Department of the
CBS Interactive Inc.


Sarah
Ewall
Trump
Mitch McConnell
Chuck Schumer
Dick Durbin
Ron Wyden
Richard Blumenthal
Biden
Obama
Janet Yellen
Jen Psaki


Republicans
Democrats
billDemocrats
Russian
American

No matching tags

No matching tags


U.S.
United States

No matching tags

Positivity     32.00%   
   Negativity   68.00%
The New York Times
SOURCE: https://www.cbsnews.com/news/us-debt-ceiling-deadline-expires-2021/
Write a review: CBS News
Summary

Without congressional action, the center has also projected that date will arrive sometime in fall.But despite the expiration of the suspension at the end of the month, Senate Minority Leader Mitch McConnell signaled Republicans would not be amenable to raising or suspending the debt ceiling because of what he referred to as "free-for-all for taxes and spending" favored by Democrats, who are working on a $3.5 trillion "human" infrastructure bill."I can't imagine there will be a single Republican voting to raise the debt ceiling after what we've been experiencing," McConnell told Punchbowl News on Tuesday night. "It would be utterly unprecedented in American history for the United States government to default on its legal obligations." When asked about the looming deadline on Tuesday, White House press secretary Jen Psaki said the president expects Congress will vote to raise the debt limit "as they have three times under the past administration." What is the debt ceiling?"The debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies.

As said here by Sarah Ewall-Wice