The highs and lows of US debt ceilings
It’s impossible to know exactly how the current debt ceiling battle between President Joe Biden and Congress will shake out. But if history is a guide, the politicians will push it to the 11th hour, parts of the federal government may or may not be shut down, and the debt ceiling will ultimately be raised once again.
Following are examples of the highs and lows of the U.S. debt ceiling throughout its 106-year history.
Sources: USAFacts.org, History News Network, Investopedia, Statista and Scripps News