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[FONT=&quot]There has been a lot of talk about the “debt ceiling’’ ____ the United States. The debt ceiling is a legal limit on ____ much the federal government can borrow. [/FONT]
. Political disputes over that amount ____ concerned investors in recent weeks. American lawmakers must negotiate a new. _____ ceiling every time the federal debt reaches that legal limit. National _____ grows when a government spends more money than it has available. _____ offer bonds and other investments to raise money to pay for ____ spending. In return, the government promises to repay, with interest, the ____ who buy these securities. The financial demands of World Was One ___ American lawmaker to establish a total debt limit. In 1917, Congress _____that the president could borrow up to a set amount without ___ approval . Congress has agreed to change the debt limit 10 times ____ 2001. But the major parties may disagree on spending levels on ___ the need to borrow to pay for government operations. Other nations ____ United States Treasury securities because they are considered the safest investmants. Congress agreed to re-open ____ government without enforcing the debt ceiling only one day before borrowing_____ the legal limit. Lawmakers agreed to let the president decide what ___ Treasury Departmant could borrow through February 7th. Congress must now negotiate ___ new debt limit and resolve other budgetary issues in order to ____ another crisis. For VOA Learning English, I’m Carolyn Presutti.
 
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haiyen621

There has been a lot of talk about the "debt ceiling". in the United States. The debt ceiling is a legal limit on how much the federal government can borrow. Political disputes over that amount have concerned investors in recent weeks. American lawmakers must negotiate a new. Debt ceiling every time the federal debt reaches that legal limit. National Debt grows when a government spends more money than it has available. government offer bonds and other investments to raise money to pay for this spending. reIn turn, the government promises to repay, with interest, the investors who buy these securities. The financial demands of World War One led American lawmakers to establish a total debt limit. In 1917, Congress agreed that the president could borrow up to a set amount without seeking approval. Congress has agreed to change the debt limit 10 times since 2001. But the major parties may disagree on spending levels or on the need to borrow to pay for government operations. Other nations buy United States Treasury securities because they are considered the safest investment in the world. The partial shutdown of the federal government led to worldwide concern about the safety of these investments. Congress agreed to re-open the government without enforcing the debt ceiling only one day before borrowing reached the legal limit. Lawmakers agreed to let the president decide what the Treasury Department could borrow through February 7th. Congress must now negotiate a new debt limit and resolve other budgetary issues in order to avoid another crisis. For VOA Learning English, I'm Carolyn Presutti.
 
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