Definition and example of “deadline for debt ceiling 2023”
The “deadline for debt ceiling 2023” refers to the date by which the United States government must raise or suspend the debt ceiling in order to avoid defaulting on its financial obligations. The debt ceiling is a legal limit on the amount of debt that the government can borrow. If the debt ceiling is not raised or suspended, the government will not be able to borrow any more money, and it will be unable to pay its bills. This could lead to a government shutdown, a default on its debts, and a loss of confidence in the US economy. The deadline for debt ceiling 2023 is expected to be in the summer or fall of 2023.