Confused About the Debt Ceiling? Check Out Debt Ceiling Briefing Book

by Gretchen Hamel, Executive Director, Public Notice: Treasury Secretary Jack Lew warned that the debt ceiling must be raised by October 17th, but do you know what happens after that? Most people don’t. That’s why we put together a Debt Ceiling Briefing Book to answer questions surrounding the current fiscal debate.

For instance, did you know that there are four “extraordinary measures” the Treasury Department can use to continue paying the nation's bills? What about the fact that we’re now using the final extraordinary measures available, after exhausting all other options? Or, that if we continue on our current spending path, our debt-to-GDP ratio will reach 100% in just 25 years?

Clearly, the upcoming debt ceiling vote will have a large impact on our fiscal future, and all the facts you need to know are in this briefing book.

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