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According to the U.S. Treasury Department, the U.S. debt ceiling is the maximum amount the U.S. government can borrow to meet its financial obligations. Since 1985, the U.S. Treasury Department has taken extraordinary steps to avoid defaulting more than a dozen times, and congressional battles over the debt ceiling have become more frequent as the federal government teeters on the brink of default. U.S. debt ceiling – a financial term or a political stunt? On this episode of BizBeat, CGTN's Yu Bokun explains.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466