The Partisan Politics Behind Debt Ceiling
The US could hit debt ceiling by 1 June, 2023 if Congress fails to raise or suspend the debt ceiling.
4 min readMay 2, 2023
As House Speaker Kevin McCarthy and President Biden accused each other of “threatening to bumble our nation into its first ever default,” Treasury Secretary Janet Yellen has warned that the US may run out of cash by 1 June.
The debt ceiling is a legal limit on the amount of money that the United States government can borrow to pay its bills. It was first introduced…
