Defined: Why the debt restrict is once more roiling Washington – Instances of India

Defined: Why the debt restrict is once more roiling Washington - Instances of India

[ad_1] WASHINGTON: The concept of the US authorities breaching its “debt restrict” sounds scary. However what, precisely, are lawmakers in Washington combating about? The debt restrict is a virtually century-old synthetic cap that Congress positioned on the US authorities’s potential to borrow. Lawmakers have raised or suspended it almost 80 occasions since 1960, however there’s … Read more