debt ceiling
Coverage of debt ceiling in the Nexus archive.
- S&P keeps U.S. sovereign rating at AA+ with stable outlook
S&P Global Ratings affirmed the U.S. sovereign credit rating at AA+ with a stable outlook, citing economic resilience and controlled fiscal deficits. The agency noted risks from political polarization and potential spending increases but stated the U.S. will likely avoid default by resolving debt ceiling issues.
- Chile Drops Its Balanced-Budget Pledge in New Fiscal Decree
Chile's government has abandoned its campaign pledge to balance the budget by 2030, instead setting a new target to reduce the deficit from 2.6% of output this year to 1.5% by 2030 while maintaining the debt ceiling.
- US to reach $41T debt ceiling as soon as late winter, forecasters predict
The U.S. government is projected to reach its $41.1 trillion debt ceiling next year between late winter and mid-summer, according to the Bipartisan Policy Center. Republicans raised the limit by $5 trillion in 2023 via the One Big Beautiful Bill Act, but the next Congress and President Donald Trump must act to avoid default. The Treasury's extraordinary measures are expected to delay a breach for six to nine months, as public debt is forecast to rise to 120% of GDP within a decade.