Debt Ceiling Explained News Today

According to Glenn Beck, Republicans have just given Donald Trump the nomination. “Nobody’s going to trust the Republicans after this,” he says. “We gave you the benefit of the doubt, McCarthy, and this is what you return. It’s what, $4 trillion? Or is it $6 trillion that they can raise the debt cei...

If the currently proposed debt ceiling deal with Democrats moves forward, will Americans ever trust the Republican Party again? Possibly not, but thankfully there ARE several GOP members standing strong against Speaker McCarthy’s deal. One of those taking a stand against it, Rep, Chip Roy.

A look at the debt ceiling negotiations and why they are happening

Without a debt ceiling deal, the U.S. could begin defaulting on its obligations and trigger financial chaos starting as soon as June 1.

Without a debt ceiling deal, the U.S. could begin defaulting on its obligations and trigger financial chaos starting as soon as June 1.

GOP lawmakers this week narrowly passed legislation to raise the debt ceiling. Here are some key points to know about the bill and the broader political context.

The debt ceiling, also known as the debt limit, is the amount the United States can legally borrow to fulfill its financial obligations. A failure to raise the limit would see the US default – a nigh-unthinkable event that would crater Washington’s credibility as a borrower and send financial markets across the world into a tailspin

Thanks to our conservative HERO, Mitch McConnell, Senate Democrats no longer must worry about the U.S. debt ceiling…at least not until December. But until then, some leftist economists have offered a new solution: A $1 trillion coin minted by the U.S. Treasury. Glenn and Stu explain the RIDICULOUSNE...

Economist Stephen Moore, Co-founder of the Committee to Unleash Prosperity, explains why it makes NO sense to increase U.S. debt, ESPECIALLY while our economy is in a recovery: We should actually be paying down our debt right now…not increasing [it]. Plus, Moore tells Glenn what likely will happ...

Since World War II, Congress has voted to modify the debt ceiling 98 times — 21 of those since 2001. It used to be a routine adjustment to pay for the government's spending, but not anymore. What is it and why is it so controversial?