What is the US debt ceiling?
by Guardian staff from US news | The Guardian on (#6T1V3)
Trump called for the elimination of the debt ceiling on Thursday. Here's what to know about the statutory limit
Donald Trump abruptly rejected a bipartisan plan to prevent a government shutdown before the Friday deadline and called for the outright elimination of the debt ceiling.
The US is one of the few countries with a statutory limit on how much debt the federal government can accumulate.
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