The US has raised its 'Debt Ceiling' for the 75th time since 1964 - $20 TRILLION might get us to 2017

11/06/2015 - 22:26


The U.S. government just increased its credit limit...

On Monday, President Obama signed a budget deal that raised the debt ceiling from $18.5 trillion to $20 trillion.

In theory, the debt ceiling limits how much money the U.S. government can borrow. The debt ceiling is now twice as high as it was when Obama took office in 2008.

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