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Tuesday, August 3, 2021
Time is running out for Congress to raise, or suspend, the debt ceiling before the U.S. government runs out of cash to pay its bills.
Lawmakers missed a Saturday deadline to extend former President Donald Trump's two-year suspension of the nation's borrowing limit, which was automatically reinstated at the beginning of August.
The debt ceiling, which hit $22 trillion in August 2019, is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public, according to the Committee for a Responsible Federal Budget (CRFB). Once the suspension lifted, the new limit was reinstated around $28.5 trillion, a figure that includes debt held by the public and the government.
Read entire article and see video here: https://www.foxbusiness.com/economy/congress-misses-debt-ceiling-deadline
Today, Tuesday, August 3rd, from 7 to 8:30pm EST, RIGHT SIDE PATRIOTS
Craig Andresen and Diane Sori discuss 'DOJ Investigation DOA'; 'Liberalism's True Content of Character'; and important news of the day.