Debt Limit Policy Questions: What Are the Potential Economic Effects of a Binding Federal Debt Limit?

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Identifier

R47574

Version

7

Product type

Reports

Status

Active

Published

Dec 5, 2025

Source updated

Dec 6, 2025, 3:22 pm UTC

Authors: Grant A. Driessen

Source topics: U.S. Economy, Fiscal Policy & the Budget

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Related federal bills

• S 82A bill to protect social security benefits and military pay and require that the United States Government to prioritize all obligations on the debt held by the public in the event that the debt limit is reached.
  118th Congress