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  2. State defaults in the United States - Wikipedia

    en.wikipedia.org/wiki/State_defaults_in_the...

    The fact that states aren't eligible for bankruptcy may allow them to borrow money at lower interest rates. [12] Opponents, including representatives of the National Governors Association, [13] say that talk of allowing states to seek bankruptcy protection could create doubts in the municipal bond market. [1]

  3. United States debt ceiling - Wikipedia

    en.wikipedia.org/wiki/United_States_debt_ceiling

    In the United States, the debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may pay by borrowing more money, on the debt it already borrowed. The debt ceiling is an aggregate figure that applies to gross debt, which ...

  4. What is the debt ceiling, and is Trump right that a default ...

    www.aol.com/debt-ceiling-trump-default-could...

    The debt ceiling is a cap on the amount of money the U.S. government can borrow to pay its debts. Every year, Congress passes a budget that includes government spending on infrastructure, salaries ...

  5. What is the debt ceiling? What has Trump said about the US ...

    www.aol.com/news/debt-ceiling-trump-said-us...

    The United States has never defaulted on its debts. ... It is unrelated to future spending and is instead a limit on the amount of money the government can borrow to meet its existing legal ...

  6. Government debt - Wikipedia

    en.wikipedia.org/wiki/Government_debt

    An important reason governments borrow is to act as an economic "shock absorber". For example, deficit financing can be used to maintain government services during a recession when tax revenues fall and expenses rise for say unemployment benefits. [9] Government debt created to cover costs from major shock events can be particularly beneficial.

  7. Climate bond, who? What you need to know about the $10 ... - AOL

    www.aol.com/climate-bond-know-10-billion...

    Bonds are a form of long-term borrowing that governments uses to raise large sums of money. State general obligation bonds are typically used to finance major infrastructure projects that can be ...

  8. Debt monetization - Wikipedia

    en.wikipedia.org/wiki/Debt_monetization

    Debt monetization or monetary financing is the practice of a government borrowing money from the central bank to finance public spending instead of selling bonds to private investors or raising taxes. The central banks who buy government debt, are essentially creating new money in the process to do so.

  9. National debt of the United States - Wikipedia

    en.wikipedia.org/wiki/National_debt_of_the...

    The United States debt ceiling is a legislative constraint on the amount of national debt that can be incurred by the U.S. Treasury. It limits how much money the federal government may pay on the debt it already has by borrowing even more money.