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

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    The debt ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.

  3. Despite missing deadline, Congress avoids government shutdown ...

    www.aol.com/finance/house-votes-avoid-government...

    Instead of lifting the debt limit before Trump takes office, Republicans are considering a handshake deal promising to raise the debt limit by $1.5 trillion early next year and cull future ...

  4. Trump would abolish the debt ceiling. Here’s what’s going on

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    In 1917, when it was financing World War I with Liberty Bonds, Congress instituted a limit on US borrowing and the debt ceiling evolved from there as US debt has grown and grown and grown.

  5. Congress narrowly averts government shutdown — and rejects ...

    www.aol.com/house-narrowly-averts-government...

    The president-elect had also hoped to include an agreement that would scrap the debt ceiling in an effort to grease the wheels for major items on his agenda, including massive tax cuts that would ...

  6. Government shutdown looming? House rejects Republicans ...

    www.aol.com/news/government-shutdown-live...

    The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to those it borrowed from and dole out money for everything from ...

  7. House Republicans regrouping after government funding bill fails

    www.aol.com/democrats-dig-while-gop-negotiates...

    Trump told ABC News' Jonathan Karl Thursday morning that there will be a government shutdown unless Congress eliminates the debt ceiling or extends the limit on government borrowing before he ...

  8. Debt ceiling news - live: Senate passes debt limit deal bill ...

    www.aol.com/debt-ceiling-news-live-house...

    Bill passed after senators rejected 11 proposed amendments

  9. Debt ceiling vote recap: McCarthy lauds deal, pledges to get ...

    www.aol.com/debt-ceiling-live-updates-mccarthy...

    The debt ceiling compromise bill sailed to passage in the House on Wednesday evening. The House voted 314-117 after just over an hour of debate on the legislation. The bill required a simple ...