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MINNEAPOLIS (WCCO) — After weeks of partisan wrangling, U.S. lawmakers reached a last-minute deal to avoid a financial crisis — for now — agreeing to pay off America’s credit card through early December.
But what is the debt limit, and what impact would it have on your wallet if we didn’t raise it?
In the video above, Heather Brown answers this Good Question.
More On WCCO.com:
- ‘It’s Bad, It’s Bad’: Proctor Teens Say Students Used Item To Sodomize Teammate, Shared Video Online
- Vaccine Mandate Deadline Arrives For Twin Cities Health Care Systems
- Downtown Mpls. Shootout Ends In Crash, Killing Woman Riding Scooter
- Smaller Products, Rising Prices: Shrinkflation Hitting Grocery Store Shelves
Source: CBS Minnesota
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