The fight over the debt ceiling could sink the economy. This is how we got here
March 24, 2023 at 23:11 PM EDT
President Biden and Republicans in Congress are on a partisan collision course over raising the debt ceiling — the legislatively mandated limit on how much the U.S. can borrow. And the clock is ticking. The $31.4 trillion ceiling has already been reached, so now the Department of the Treasury is … Source