Why does America have a debt limit?

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Why does America have a debt limit?
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  • 📰 TheEconomist
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Why does America have a debt limit, and what difference does it make? Our “Checks and Balance” podcast investigates, with JohnPrideaux, chowardchoward and imkahloon

and flatten some categories of spending for two years, until after the next election.

Why does America has this pointless, exhausting ritual? And how can Congress get rid of it?’s Simon Rabinovitch assesses the impact of the agreement. We go back to a previous wrangling over the debt ceiling. AndJohn Prideaux hosts with Charlotte Howard and Idrees Kahloon.

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