The federal government typically runs large deficits in February and March, as people file their tax returns and, in many cases, are owed refunds. Of course, the government can always delay sending out the refunds.
Congress has until the end of February to raise the federal government鈥檚 borrowing limit, known as the debt ceiling, or the country risks going into default. How is this time different from the previous rounds of debt ceiling politics? Here鈥檚 a guide, plus the context.
The federal government typically runs large deficits in February and March, as people file their tax returns and, in many cases, are owed refunds. Of course, the government can always delay sending out the refunds.
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