The debt ceiling. Everyone is talking about it, but not everyone knows what it's all about. Do you?
The amount the federal government is allowed to owe at any given time.
The amount the federal government is allowed to borrow in a given year.
The amount the federal government is allowed to spend in a given year.
The amount the federal government is allowed to lend in a given year.
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Bill Clinton
William Henry Harrison
Ulysses Grant
Andrew Jackson
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We reach the debt ceiling.
The Treasury Department stops being able to shuffle money around to pay debts.
Congress goes on vacation.
The Treasury Secretary resigns and won't be able to help any more.
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2
37
15
10
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3.2 cents
1.4 cents
5.4 cents
4.1 cents
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True
False
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97.9%
102.3%
84.5%
78.6%
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101%, 1952
121%, 1946
109%, 2013 (projected)
99%, 1976
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174
230
95
182
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