Civic Eagle Blog Need to Know: The Federal Debt Ceiling

Once every few years, we hear politicians and the media begin talk about the debt limit, also known as the debt ceiling. Amidst the chaos of what can seem like a regularly-scheduled financial crisis, it's easy to lose track of what is actually being debated. Read on to learn what exactly the debt limit is, why approaching or breaching the limit could be risky, and how the 2023 debt limit negotiations fit in.