As of November 7th, the total U.S. public debt outstanding reached an astonishing $13.7 trillion. This means that although Congress just raised the debt ceiling to $14.3 trillion back in February, the new Congress will face another debt ceiling vote almost immediately next year. Otherwise, the Treasury will not be able to continue issuing debt to fund government operations.
Congress usually raises the debt ceiling with little fanfare in the dark of night. The newly elected representatives will have a chance to show what they are made of when the time comes to vote on raising it again.
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