What Is The Debt Limit?

This week’s lesson is on the economy!

Director of Economic Policy at the Bipartisan Policy Center, Shai Akabas joins Abby in the classroom for a lesson on the debt limit.

Shai dives into the history behind the federal debt limit to explain why it was enacted, and how it’s evolved throughout the years. Later, he discusses the politics behind the economic health of the country, and what taxpayers can expect as the default deadline approaches.

Keep up with Abby after class on Twitter: @AbbyHornacek