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Wednesday, August 23, 2017
federal debt limit

Debt Ceiling Questions, Answered

A helpful primer for those who haven’t been following too closely: Q. This sounds like an odd system. Do you mean that Congress can pass a budget that requires borrowing, and then argue later about whether to approve that borrowing? A. That’s right. The system goes back to World War I, when Congress first put […]

July 27, 2011