Debt Ceiling Update: What’s at Stake
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.| Peterson Foundation
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.| Peterson Foundation
The bill would increase debt by $3.0 trillion over the next 10 years, driving it from nearly 100 percent of GDP now to 124 percent of GDP by 2034.| Peterson Foundation
"Voters understand that the Moody’s downgrade is not a good sign, and adding more trillions to our national debt with new legislation would only take things in the wrong direction," said Michael A. Peterson.| Peterson Foundation
