Between the Lines: How to interpret the impending US debt ceiling

The US Treasury Secretary, Janet Yellen, recently warned Congress the country was rapidly approaching the limit on the amount of national debt that can be incurred by the US Treasury, known as its debt ceiling. She has urgently called for a resolution, warning failure to do so could risk a US default on its financial obligations. The US's debt ceiling is currently set at US$31.4trn.

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