4 ms·
Sec. Yellen is operating close to the debt ceiling. It will take an act of Congress to remedy this. https://www.rollcall.com/2021/06/14/democrats-have-no-easy
by testfoobar 5y ago
Sec. Yellen is operating close to the debt ceiling. It will take an act of Congress to remedy this.
https://www.rollcall.com/2021/06/14/democrats-have-no-easy-options-for-raising-the-debt-limit/ https://www.rollcall.com/2021/06/14/democrats-have-no-easy-o...
- mistrial9 5y agoQ. How many US Presidencies have "operating close to the debt ceiling" and needed an "act of Congress" to continue on.. factual answers please, partisans
- eightysixfour 5y agoThe chart from 1940 to 2018 makes it look like the answer is "most of them." https://www.crfb.org/sites/default/files/DebtCeilingChart.JPG https://www.crfb.org/sites/default/files/DebtCeilingChart.JP...
- Traster 5y agoThere's something uniquely amusing about a chart that has an axis that goes $2,$4,$6,$8 and then in the title (trillions).
- testfoobar 5y agoWikipedia is your friend: https://en.wikipedia.org/wiki/History_of_United_States_debt_ceiling https://en.wikipedia.org/wiki/History_of_United_States_debt_...
- MR4D 5y agoDifferent answer than you’re asking for, but the debt limit is probably not even legal. Congress authorizes the Executive branch to spend funds, not to manage the debt. The Constitutional question will probably never be answered, but my gut tells me if it is violated, that there is no real remedy.