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
The commentaries contained herein are provided as a general source of information based on information available as of September 30, 2021 and should not be considered as investment advice or an offer or solicitations to buy and/or sell securities. Every effort has been made to ensure accuracy in these commentaries at the time of publication, however, accuracy cannot be guaranteed. Market conditions may change investment decisions arising from the use or reliance on the information contained herein. Investors are expected to obtain professional investment advice.
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