Emily Merola
Peter G. Peterson Foundation Summer Intern at Brookings and a rising senior at Notre Dame.

Staring Down the Debt Limit

July 22, 2019

The Issue:

In what has become a predictable cycle, policymakers meet under pressure to raise the “debt ceiling,” the legal limit on the amount of debt the federal government can accumulate. In spite of the frequency with which this situation occurs, discussion around the debt ceiling is often shrouded in confusion.

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