The U.S. could hit its debt ceiling within days. Here’s what you need to know.

Photo caption: U.S. Treasury Secretary Janet Yellen listens to President Biden discuss the federal debt limit on Oct. 6, 2021, in Washington, D.C. Photo credit: Chip Somodevilla / Getty Images. Article by Juliana Kim and Scott Horsley. NPR – January 14, 2023.

Hitting the national debt ceiling is a major worry for Washington right now. On Friday, Treasury Secretary Janet Yellen warned that the U.S. is on track to reach the debt limit, or the cap on how much money the federal government can borrow, by Thursday. The ceiling was last raised by $2.5 trillion in December 2021 to a total of $31.4 trillion. […]

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