What is the debt limit? That’s what is commonly known as the debt limit or the debt ceiling. Lawmakers have raised the debt limit repeatedly over the last century, and in 2019 they suspended it entirely. Adding the proposal to suspend the debt limit, however, would force Senate Republicans to make a fateful choice. McConnell said Monday that he and his colleagues “will not support legislation that raises the debt limit,” which suggests a filibuster is coming.

Source: Los Angeles Times September 21, 2021 00:00 UTC