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2. ‘Extraordinary measures’ needed by mid-January to keep US ...

   www.aol.com/us-may-hit-debt-limit-002420976.html

   Yellen, in a letter to House and Senate leaders, noted that the nation’s debt ceiling — the total amount of money the federal government is authorized to borrow to pay for obligations such as ...

3. I Have to Pay My Debt, So Why Doesn’t the US Government? The ...

   www.aol.com/pay-debt-why-doesn-t-123014140.html

   The U.S. just hit its debt limit, following Congress's failure to reach a deal to raise the debt ceiling. While the Treasury Department announced it would start implementing its "extraordinary...

4. Opinion - Does the United States need a debt limit? - AOL

   www.aol.com/opinion-does-united-states-debt...

   The United States’s debt limit permits the federal government to spend money it does not have to pay its bills. The debt limit was suspended in mid-2023 through Dec. 31, 2024, allowing the ...

5. National debt of the United States - Wikipedia

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

   The United States has the largest external debt in the world. The total number of U.S. Treasury securities held by foreign entities in December 2021 was $7.7 trillion, up from $7.1 trillion in December 2020. [8] Total US federal government debt breached the $30 trillion mark for the first time in history in February 2022. [9]

6. Republicans will still have to deal with the debt ceiling in ...

   www.aol.com/republicans-still-deal-debt-ceiling...

   The US last dealt with a debt ceiling crisis in early 2023, when it hit its $31.4 trillion debt limit. After months of contentious negotiations between the GOP-led House and the Democrats who ...

7. 2023 United States debt-ceiling crisis - Wikipedia

   en.wikipedia.org/wiki/2023_United_States_debt...

   The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.