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Debt Ceiling facts

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One proposed solution to the US debt ceiling crisis of 2012 was the minting of a 1 trillion dollar coin that would be used to pay off the country's debt.

how debt ceiling works?

During the American debt-ceiling crisis in July 2011, Apple Inc had larger money reserves than the entire United States Government.

What is the debt ceiling?

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what debt ceiling does?

  1. In 2012 Mitch McConnell introduced a bill giving the president power adjust the debt ceiling, expecting democrats wouldn’t agree and the bill would be thrown out. When the democrats agreed, he was forced to filibuster himself to kill his own bill. A truly glorious moment in Senate history!

debt ceiling facts
What is the us debt ceiling?

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