U.S. Debt Ceiling and U.S. Nominal GDP
The statutory debt limit, also called the debt ceiling, is the statutory maximum of money the U.S. Treasury is allowed to borrow.
Now, it is higher than U.S. nominal GDP.
Image: Jeroen Blokland
The statutory debt limit, also called the debt ceiling, is the statutory maximum of money the U.S. Treasury is allowed to borrow.
Now, it is higher than U.S. nominal GDP.
Image: Jeroen Blokland