Congress raising the debt ceiling is suddenly a problem for Republicans

Posted on AllSides September 8th, 2021
From The Left

Politics, like fashion, can be cyclical. And in the coming weeks, America is about to go through the economic version of the return of low-rise jeans — a baffling choice that even in theory benefits only a few select individuals, but in practice is a terrible look for everyone.

The debt ceiling, in case you’ve purged it from your memory, is the legal limit for how much debt the United States can take on as a country. Once that limit is hit, the U.S. Treasury can no longer issue bonds...

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