U.S. Breaches $31.4 Trillion Debt Ceiling – What Does It Mean?

Geo Politics

U.S. Breaches $31.4 Trillion Debt Ceiling – What Does It Mean? | Joe Biden | Republicans | Democrats The United States has officially hit its debt ceiling. It has reached the legal limit of the money Washington can borrow to pay off its bills. That amount is an eye-popping $31.4 trillion – almost 120% of America’s GDP! Washington is in a race against time to get its finances sorted. Given how things stand currently, this is as much a political battle as it is a financial one. So what’s the debt ceiling all about? Why does it matter and what’s the political deadlock all about?

Credit Firstpost