The U.S. hit its debt limit again. Now the Treasury Department is maneuvering to avoid a default until Congress acts

Concord Register/03-19-17Watch Full Movie Online Streaming Online and Download

The U.S. hit its again on Thursday — a whopping $19.9 trillion this time — and the Treasury Department started using accounting maneuvers to buy several months to raise it to avoid a potential federal government default.

The statutory limit on borrowing has become a partisan flash point in recent years. During the Obama administration, conservatives in Congress tried unsuccessfully to include spending cuts with any debt increases.

This entry was posted in Debt. Bookmark the permalink.

Comments are closed.