How worried should we be if the debt ceiling isn’t lifted? (Wendy Edelberg and Louise Sheiner, Brookings)

The debt limit caps the total amount of allowable outstanding U.S. federal debt. The U.S. hit that limit on August 1, 2021, but the Department of the Treasury has been undertaking a set of “extraordinary measures” so that the debt limit does not yet bind. The Treasury estimates that by October 18th, those measures will not be sufficient—unless Congress raises or suspends the debt limit before then, the Federal government will lack the cash to pay all its obligations.

How worried should we be if the debt ceiling isn’t lifted? (brookings.edu)

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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