The Big Picture: A Brief History of the U.S. Debt Ceiling
Author: The editor's desk
October 1, 2021
The U.S. debt ceiling has once again emerged as a top concern of investors, but just how worried they should be all depends on when and whether the United States Congress can negotiate a plan to raise or suspend the country’s debt limit and save the U.S. Treasury from the sure-fire catastrophe of default. Here is a brief “by the numbers” history of the ceiling and what might be in play for it and equity markets moving forward.
Source: The U.S. Department of the Treasury
Source: Peter G Peterson Foundation live tracker, Sept 30, 2021
Source: Congressional Research Service (CRS), March 17, 2021, In Focus: The Debt Limit
Source: CRS, March 17, 2021, In Focus: The Debt Limit
Source: The Bipartisan Policy Center, Sept 24, 2021, BPC Updates Debt Limit “X Date” Projection: Likely to Arrive Between October 15 and November 4
Source: Moody’s Analytics, Sept 21, 2021, Playing a Dangerous Game with the Debt Limit
Source: CRS, March 17, 2021, In Focus: The Debt Limit
Source: ThoughtCo., December 16, 2020, 6 Modern U.S. Presidents Who Raised the Debt Ceiling
Source: Moody’s Analytics, September 21, 2021, Playing a Dangerous Game with the Debt Limit
Source: CRS, March 17, 2021, In Focus: The Debt Limit
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