Sophie Milrom: 15 Things to Know About the U.S. Debt Ceiling and Sovereign Defaults

The US debt ceiling is a legislative limit on the US Treasury’s ability to borrow money. It was first created in 1917 and can be modified by Congress. As of this month’s agreement, the debt ceiling has been raised 79 times since 1960.

Read more: Bankruptcy, Debt Ceiling, Federal Government, International Monetary Fund, Sovereign Debt Crisis, Economic Crisis, Business News

Read Sophie Milrom: 15 Things to Know About the U.S. Debt Ceiling and Sovereign Defaults in its entirety at The Huffington Post

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