The latest congressional news and analysis from political experts and historians.
The Debt Limit Discussion on the Table, Again – December 13, 2021
Brinksmanship is nothing new when it comes to congressional negotiations, but this year's stalemate over raising or suspending the country’s debt limit led to dire visions of a plunging economy, recession, and cuts in federal spending—a situation that would hit not only the federal government but also U.S. states and localities, as well as other countries around the world whose economies are tied to our own. In this Congress Report, former congressional reporter, Deborah Kalb, delves into the history of the debt ceiling and the ever-increasing frequency of discussions to raise it in recent years.