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
National Debt Glossary
Looks up the key terms for understanding America's financial crisis
Join the Discussion
| 0 | Add YoursPlease leave your comment below.
You must be logged in to leave a comment.