Planet Money Planet Money

Jay & Shai's debt ceiling adventure

2023-02-18 00:00:00 +0000 UTC ·26m 4s ·by NPR
Jay & Shai's debt ceiling adventure
Planet Money
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About this episode

Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the power to limit how much debt the U.S. takes on. Right now, the debt limit is $31.4 trillion dollars. Once we reach that limit, Congress has a few option