CFI Deeper Dive - What is the US Debt Ceiling? | CFI Deeper Dive | Episode 7

Everyone in the financial markets has their eyes on Fed Chairman Jerome Powell as he reports to the U.S. Senate and Congress in his semi-annual “Humphrey-Hawkins” hearing. Perhaps lost in the headlines, Powell expressed his concern about the U.S. debt ceiling, mentioning that a failure to increase it could cause long-standing harm. The debt ceiling is currently $31.4 trillion, which was set by Biden in 2021. Introduced in 1917 to give Congress greater control over government spending, the debt ceiling has been raised over 100 times to accommodate the increasing borrowing needs of the government. In this episode of CFI Deeper Dive, we’ll discuss the implications of the U.S. debt ceiling, frequency of debt ceiling increases and much more. #CFI #CFIDeeperDive #capitalmarket #debtceiling #finance #investing #markettrends