borrowing limit

But the debt ceiling wrangling will resume soon; the Treasury Department said Friday that it would near the borrowing limit in January, which would require it to take “extraordinary measures” until Congress and the president act.

Trump’s objective was to avoid the hassles of a debate over raising the government borrowing limit early in his term, freeing him to rack up more debt through spending and tax cuts.

And although I don’t want Trump to be able to amass more debt, fights over the borrowing limit are reckless because they put the full faith and credit of the United States in doubt.

Investigators compiled 9,700 pages of text messages, including those in which the alleged bookmakers asked Mizuhara to pay his gambling debts, and Mizuhara asked for “bumps,” slang for increasing his borrowing limit with the gambling operation.

Those savings would build on discretionary spending limits that Mr. Biden and congressional Republicans agreed on last year to resolve a standoff over raising the nation’s borrowing limit.