The United States National Debt Ceiling is a crucial fiscal policy means that plays a significant role in the country's financial management. The total amount of money that the US government may borrow to fund its operations and settle its debts has been set by law. It is established by Congress and serves as a statutory limit imposed on the total outstanding debt of the US Treasury Department. The Treasury will need to ask Congress for permission to raise the debt ceiling and carry on borrowing after this ceiling is reached. This article explores the definition of the US National Debt Ceil...
