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What You Should Know About the Debt Ceiling Debate

Jun 1, 2023 2:45:00 PM
written by The Retirement Group

On Monday, May 22, President Joe Biden and House Speaker Kevin McCarthy met at the White House to discuss raising the statutory limit on U.S. government debt, generally called the debt ceiling. Although both leaders termed the discussion "productive," there was no resolution, and their respective negotiating teams continued discussions. 1 Here are some answers to questions you may have about the issues behind the current impasse.

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posted in Financial Planning, 2023, Debt, Debt Ceiling

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