Research Update: Thoughts on The Debt Ceiling Impasse

May 23, 2023 in Thought Leadership

The United States reached its borrowing limit (debt ceiling) back on January 19, and the Treasury Department estimates that unless the limit is raised, the government will run out of money in early June. In short, the U.S. spends more than it takes in and depends on borrowing to bridge the gap. Without the ability t...