How the Treasury Delays the $31 Trillion Debt Ceiling | WSJ

Janet Yellen said hitting the debt ceiling would be a “self-imposed calamity.” As the U.S. nears the debt ceiling, the Treasury Department has begun deploying so-called extraordinary measures.

WSJ’s Jon Hilsenrath explains what those measures are and how they help the country avoid a debt disaster.

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[iamthesupremeleader]

You've just described a ponzi scheme 😂

[kyb]

As a builder I can tell you raising the ceiling is the safest option but they could also lower the debt foundation 🙂

[darkking]

Nahihiya pa cla😂
i'm waiting for the ") Trillion dollar coin" or "FED Printing Money" 🤣

[htleong]

The debt ceiling will be raised. What is concerning is that there are no countries which will opt to buy treasuries even when the debt ceiling is increased but instead sell their treasury bonds holding. Can the feds control the resulting inflation then?

[moneyman]

They can’t pay them bills but want us to pay are bills 😂

[skydiver]

The annual interest to service our National Debt is well above $500 Billion a year and approaching what we spend on Defence.

[WhatToDoInOneDay]

And people are confused why the public have the highest credit card debt in history too. It's the culture and it's ugly.

[MrStevemur]

The ceiling, the ceiling, the ceiling is on fire.
We don’t need no water…

[shellysmith]

reckless and wasteful spending....a hallmark of this administration. A shame, we could have done so much better,

[goletra]

Your spending has been twice your income for 30 years and you're asking the credit card company to increase the credit limit.

[Mjixa]

Each year the US is faced with the debt ceiling problem. I think the US gov spend more than it receives.Many US gov agency need to downsize, cut military budget, and cut unnecessary spending. Federal gov need to give some power over state to take over some government authorities. That debt will never be paid even in centuries to come as it keep borrowing.

[tyneggs]

Put the loan on the tax payers backs as opposed to the oligarchy that made this mess in the first place

[dr.syndrome]

And unfortunately, they export inflation "the extra printed currency" to poor countries, resulting in massive ecnomic upheavals for the poor people.

[npvpositive]

Just raising the debt ceiling won’t fix anything

[WonToTwee]

How is it legal for the government to cash out postal workers pensions and spend there money they worked YEARS for

[sungenhou]

Brandon: just keep the printer running non stop…..

[winnerwinner]

to cut on spending's to pay back this massive debt isnt bad

[whitedancer]

What's the point of setting a debt ceiling for myself if I can raise it whenever I need to LOL?

[StretchOnYT]

Fake comments about AWZ69WTF?! Ignore this stuff

[VastKnowledge]

Send more money to Ukraine after raising the debt ceiling once again!