Sen. Grassley: Q&A - Debt Limit
December 11, 2021
December 11, 2021
WASHINGTON, Dec. 11 -- Sen. Charles E. Grassley, R-Iowa, issued the following Q&A:
Q: What is the debt limit?
A: The U.S. Treasury Department manages the revenue coming into the federal treasury and the money going out the door to pay the bills. Congress sets a debt ceiling that limits the amount of debt the U.S. Treasury is allowed to extend to finance government operations. From Social Security payments to border security, health care and veterans benefits, the Se . . .
Q: What is the debt limit?
A: The U.S. Treasury Department manages the revenue coming into the federal treasury and the money going out the door to pay the bills. Congress sets a debt ceiling that limits the amount of debt the U.S. Treasury is allowed to extend to finance government operations. From Social Security payments to border security, health care and veterans benefits, the Se . . .