PBS NewsHour

What you need to know about the federal debt ceiling

Clip: 09/07/2017 | 3m 36s

An agreement between President Trump and Democrats for a three-month extension for the debt ceiling means Congress temporarily ducks a political debate. But the recurring battle will surface again in December. What could happen if we don’t raise the debt limit? Lisa Desjardins explains the history of the debt limit and how it works.

Aired: 09/07/17

Rating: NR

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