debt ceiling

What Happens if the Debt Ceiling is Not Raised?

By Catherine Buck | May 8, 2023

Written by: Nicole A. Gobel, CPA, CDFA®  Treasury Chief Janet Yellen’s announcement last week stated that we may reach the debt ceiling as soon as June 1st. While negotiations are in the works, we can provide background on the debt ceiling and possible future outcomes. This article will address: What is the debt ceiling? What…