MSNBC All In With Chris Hayes July 6, 2024
ceiling. a familiar topic, but the circumstances this time are quite different. on friday, janet yellin announced that the united states will hit its debt limit this coming thursday. the debt limit is the maximum amount, according to law, that the federal government can borrow to pay for its obligations, to pay for things start to spend money on. that includes, all of the really important functions of government, everything from air traffic control to medicare and social security payments, congress decides what that limit is. so, secretary yellen wrote to house speaker kevin mccarth...