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What you need to know about the federal debt ceiling

What could happen if we don’t raise the debt limit?

09/07/2017

PBS News Hour

What you need to know about the federal debt ceiling

Clip: 9/7/2017 | 3m 36sVideo has Closed Captions

What could happen if we don’t raise the debt limit?

An agreement between President Trump and Democrats for a three-month extension for the debt ceiling means Congress temporarily ducks a political debate. But the recurring battle will surface again in December. What could happen if we don’t raise the debt limit? Lisa Desjardins explains the history of the debt limit and how it works.

09/07/2017

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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