Congress December 19, 2024 12:54 pm What is the debt ceiling? The debt ceiling, sometimes referred to as the debt limit, is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations. US & World Videos 0:37 Ex-Abercrombie CEO arrested on sex trafficking-related charges 9:07 Selena Gomez and Benny Blanco's sweetest moments 2:13 Real-life ‘Karate Kid' meets his inspiration 2:12 What to expect in court as Trump faces 2020 election charges in DC 0:54 Parents can start helping teenagers to build a financial foundation at home without spending
