8 Questions
Which branch of the US government is responsible for approving the raising of the debt ceiling?
The Legislative Branch
What would have happened if the debt ceiling was not raised?
An economic collapse
What was the outcome of the negotiations between Democrats and Republicans in Congress?
A political settlement
True or false: President Joe Biden recently signed a law to raise the debt ceiling in the United States?
True
True or false: The approval of raising the debt ceiling in Congress spared the United States from an economic collapse?
True
True or false: The bill to raise the debt ceiling was approved first by the Senate, then the House of Representatives?
False
True or false: The agreement to raise the debt ceiling represents a major victory for the economy and the American people?
True
True or false: The negotiations to raise the debt ceiling were concluded just four days before the deadline set by the Treasury Department?
True
Test your knowledge on the recent debt ceiling increase in the US! Find out how the political settlement between Democrats and Republicans in Congress saved the country from economic collapse. Take the quiz now!
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