Find yourself asking “What’s all this debt limit talk about and how does it work?”
Here are some excellent resources on debt and interest, and the specific issue of the debt ceiling (also known as “debt subject to limit”).
The US Treasury Department has these graphics that show Debt to the Penny, charts that show Public Debt Outstanding and Debt Subject to Limit of $14.294 billion and an FAQ page that explains the difference between those two groups and other debt related issues.
In December, the Congressional Budget Office released a primer on all things related to federal debt and interest costs. This report emphasizes “debt held by the public” in that report, but includes debt subject to limit beginning near the bottom of page 21 of the report.
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