Thursday Trivia

By FederalDaily Staff

Blog archive

Debt ceiling

In what year was the United States debt ceiling established?

A. 1908

B. 1912

C. 1917

D. 1922

>>>>>>>>>>>>>>>Scroll down for the answer>>>>>>>>>>>>>>>

Answer: C. Congress established the debt ceiling—the maximum amount of money the U.S. can borrow to pay its debt—in 1917. Since 1960, Congress has raised the debt ceiling 78 times. Learn more about the debt ceiling. 

Posted by FederalDaily Staff on Oct 16, 2013 at 1:05 PM

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