Podcast
Questions and Answers
Which branch of the US government is responsible for approving the raising of the debt ceiling?
Which branch of the US government is responsible for approving the raising of the debt ceiling?
- The Executive Branch
- The Financial Branch
- The Legislative Branch (correct)
- The Judicial Branch
What would have happened if the debt ceiling was not raised?
What would have happened if the debt ceiling was not raised?
- A decrease in mortgage costs
- A government shutdown
- An economic collapse (correct)
- An increase in government borrowing
What was the outcome of the negotiations between Democrats and Republicans in Congress?
What was the outcome of the negotiations between Democrats and Republicans in Congress?
- A default on dues
- A political settlement (correct)
- An economic catastrophe
- A government shutdown
True or false: President Joe Biden recently signed a law to raise the debt ceiling in the United States?
True or false: President Joe Biden recently signed a law to raise the debt ceiling in the United States?
True or false: The approval of raising the debt ceiling in Congress spared the United States from an economic collapse?
True or false: The approval of raising the debt ceiling in Congress spared the United States from an economic collapse?
True or false: The bill to raise the debt ceiling was approved first by the Senate, then the House of Representatives?
True or false: The bill to raise the debt ceiling was approved first by the Senate, then the House of Representatives?
True or false: The agreement to raise the debt ceiling represents a major victory for the economy and the American people?
True or false: The agreement to raise the debt ceiling represents a major victory for the economy and the American people?
True or false: The negotiations to raise the debt ceiling were concluded just four days before the deadline set by the Treasury Department?
True or false: The negotiations to raise the debt ceiling were concluded just four days before the deadline set by the Treasury Department?
