Debt Limit: Prolonged Negotiations Increase Taxpayer Costs and Disrupt Financial Markets
March 25, 2026
March 25, 2026
WASHINGTON, March 25 (TNSLrpt) -- The Government Accountability Office issued the following report:
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Debt Limit: Prolonged Negotiations Increase Taxpayer Costs and Disrupt Financial Markets
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Fast Facts
Congress sets a limit on federal borrowing, known as the debt limit. When the debt reaches the limit, and Congress doesn't act quickly to raise or suspend it, there's an impasse. These have become more frequent.
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Debt Limit: Prolonged Negotiations Increase Taxpayer Costs and Disrupt Financial Markets
*
Fast Facts
Congress sets a limit on federal borrowing, known as the debt limit. When the debt reaches the limit, and Congress doesn't act quickly to raise or suspend it, there's an impasse. These have become more frequent.