What is the debt ceiling and why is Congress arguing over it again?

For decades, Congress raised the federal debt limit without much fanfare. But in recent years, Republicans have leveraged it to enact spending cuts, threatening government default in the process. Read more: https://wapo.st/3CGHT8W. Subscribe to The Washington Post on YouTube: https://wapo.st/2QOdcqK…

What is the debt ceiling and why is Congress arguing over it again?

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For decades, Congress raised the federal debt limit without much fanfare. But in recent years, Republicans have leveraged it to enact spending cuts, threatening government default in the process. Read more: https://wapo.st/3CGHT8W. Subscribe to The Washington Post on YouTube: https://wapo.st/2QOdcqK

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