When does Congress have to vote to authorize an increase in the federal debt in order to borrow more money. I don’t think I’ve heard anything about when they will run out of authorization to borrow, and without that they are stopped dead in their tracks.
Seems to me I remember seeing a news story several times a year when the debt limit was getting near and there was much talk about having to authorize a higher limit or stop spending.
Somehow I think weve blown past that. Yes they need to be stopped.