Government

What is the Debt Ceiling? The national debt ceiling is the amount of money that the United States Government is allowed to borrow to pay for its expenses. These expenses include things like Social Security and Medicare benefits, tax refunds, military salaries, and interest payments on outstanding debt the nation may have. The United States runs a budget deficit, meaning that the nation spends more than it earns through taxes and other means. To make up for that policy, the United States must borrow from other countries to cover its expenses.[1] The country cannot borrow [...]

Come the 4th of July, we all are reminded of the history and vision of the United States of America as a free, prosperous, and proud nation. Whether thinking about the history of the Revolutionary War or key figures such as Benjamin Franklin, the nations’ roots are appreciated and examined today. You may also be familiar with the hit musical “Hamilton,” created by Lin Manuel Miranda, about the founding father and creator of the US Treasury, Alexander Hamilton. On this particular 4th of July, the Treasury has particular importance given its role in inflationary periods [...]