Begl Senate fails to advance major tax bill that would expand Child Tax Credit
The debate over the debt limit mdash; often called the debt ceiling mdash; is heating up again on Capitol Hill. But government officials, business leaders and economists a
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re raising the alarms, saying not addressing it in a timely manner would be disastrous.What is the debt limit, and why do we have it The limit is the maximum amount the United States is allowed to borrow to pay its debts. If the amount of government debt hits that limit, and doesn t lift the ceiling, the U.S. would be unable to pay what it owes and could default. When Congress raises or suspends the debt limit, it s not greenlighting new spending mdash; instead, it allows the Treasury to pay for spending it already approved.The U.S. has had a debt ceiling for more than 100 years. It was first established in 1917 with the Second Liberty Bond Act and set at $11.5 billion. Prior to that, lawmakers had to approve every issuance of debt separately. Different kinds of debts were later consolidated under one aggregated debt limit in 1939, which was first set at $45 billion.The national debt ceiling has been raised or suspended more than 100 tim
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es since then, according to the Committee for a Responsible Federal Budget
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. The debt limit was most recently addressed under President Donald Trump, when Congress passed bipartisan legislation that suspended it for two years. When that suspension expired in 2021, the amount borrowed during that time mdash; roughly $6.5 trillion mdas Orrj Why Is He Lying
A woman shoots a Glock 27 .40 caliber handgun at a shooting range. Kevork Djansezian/Getty Images The Pima County Republican Party is raffling off a Glock 23 handgun to raise money for get-out-the-vote efforts in Democratic Rep. Gabrielle Giffords Arizona district.The congresswoman is recovering from being critically wounded in a mass shooting in January that left six people dead and 13 injured, including Giffords. Giffords was holding a Congress at your corner event in Tucson when a shooter open fired with a Glock 19. An August edition of the Pima County GOP s newsletter advertises that supporters can purchase raffle tickets for $10 to win the .40 caliber handgun, as the Huffington Post first reported. That s right, for just 10 dollars this
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gun could be yours, the newsletter reads. The Pima County GOP plans to sell 125 raffle tickets, and the winner will also recei
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ve three 12-round magazines, adjustable grips and a case. Greg Harris, executiv
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e director of the Pima GOP, told Hotsheet the firearm was in his organization s possession prior to the January shooting.Asked whether the raffle would appear insensitive, Harris also pointed out that Giffords herself owns a Glock and has been a strong gun advocate. As Hotsheet pointed out after the tragic Tucson event, gun ownership is a deeply ingrained part of Arizona culture. Owning a gun simpl