Skip to content

Make a Small Gesture with Big Impact on the Lives of Vulnerable Older Americans. Donate to AARP Foundation Today

 
National Debt Glossary

Is There a Limit on the National Debt?

There is a ceiling, but Congress and the president periodically approve legislation to raise it, allowing the federal government to borrow more money.

SOURCE: Federal Reserve Bank of New York

 

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

Next Article

Read This