The Debt Limit in 2021 (CRS IN11702)

Debt limit episodes—which can be defined as starting when the statutory limit on federal debt restricts some of the U.S. Treasury’s normal debt operations and ending when new legislation to modify the limit is enacted—have been a recurrent federal fiscal feature in the past two decades. Since 2002, the debt limit has been modified 18 … Read more

Borrowing Power – Article I Section 8, Clause 2 of the Constitution

The United States Constitution The Borrowing Clause is one of Congress’ enumerated powers found in the Constitution of the United States, Article. I. Section. 8., clause 2: (Clause 2 – Borrowing power) [The Congress shall have Power] To borrow Money on the credit of the United States;       Deficits & Debts: Crash Course … Read more