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The Debt Limit
The debt limit places a statutory constraint on the amount of money the Treasury may borrow to fund federal operations. The statutory debt limit is currently suspended through January 1, 2025.
Congress may debate the merits of various debt limit modifications in advance of the debt limit’s reinstatement. This report provides background information and discusses recent legislative activity.
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| Website: | Visit Publisher Website |
| Publisher: | Congressional Research Service |
| Published: | September 15, 2023 |
| License: | Public Domain |
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