POSTED: Monday, December 10, 2012 - 7:30am
UPDATED: Monday, December 10, 2012 - 7:44am
Debt ceiling is the federal government's legal borrowing limit
Houston — The Houston Chronicle is reporting; look up! It's the debt ceiling - and it's getting closer once again. The debt ceiling is the federal government's legal borrowing limit as set by Congress.
As the government nears the debt limit, lawmakers must vote to increase borrowing levels. To read more, head to The Houston Chronicle's website: http://www.chron.com/news/politics/article/Your-crash-course-in-the-debt-ceiling-4103785.php