There’s no actual debt ceiling right nowSubmitted by Apple on Fri, 10/18/2013 - 05:54
There’s no actual debt ceiling right now.
The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just temporarily suspends enforcement of it.
That means Americans have no idea how much debt their government is going to rack up between now and Feb. 7, when the limits are supposed to go back into place and will have to be raised.