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What is the current debt ceiling?

The debt ceiling is temporarily suspended through March 1, 2019 under the Bipartisan Budget Act of 2018. Once the debt ceiling is reinstated, it will be raised to the current debt level - around $22 trillion - meaning the U.S. government will not be able to issue any new debt

What is the US debt ceiling limit?

The debt ceiling was created under the Second Liberty Bond Act of 1917 and is also known as the "debt limit" or "statutory debt limit.". The current debt ceiling is $20.46 trillion.

When is the next debt ceiling deadline?

The next deadline for raising the debt ceiling is expected in mid-summer 2019, posing a federal spending challenge for the new House Democratic majority.


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