19,576
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − +
no edit summary
[[File:Federal Debt graphic PD WC.jpg|thumb|Components of Federal Debt As Percentage of GDP FY1980-FY2007]]
[[File:Federal Debt graphic PD WC.jpg|thumb|280px|Components of Federal Debt As Percentage of GDP FY1980-FY2007]]
The '''Federal Debt Limit''', commonly known as the '''debt ceiling''' is the overall limit on federal government borrowing, as authorized by [[Congress]]. It is similar to an individual's credit card limit.
The '''Federal Debt Limit''', commonly known as the '''debt ceiling''' is the overall limit on federal government borrowing, as authorized by [[Congress]]. It is similar to an individual's credit card limit.