This Congress has found it hard to take action on many pressing issues, such as health care. But one issue is definitely focusing the minds of lawmakers. Thats the debt limit the statutory ceiling on how much the federal Treasury can borrow to keep the government functioning. According to Treasury Secretary Steven Mnuchin, if Congress does not increase the limit by September 29th, the government will quickly become unable to cover its obligations, forcing sharp program cuts and threatening the countrys credit abroad.
Some people argue that we should put an end to this regular…

More…

Comments are closed.