Raising the Roof? The Debt Ceiling Explained

On September 6th, President Donald Trump made a three month deal that allowed for a debt ceiling increase, continued  government spending, and the allocation of hurricane relief funds. The annual debate over the debt ceiling is surrounded by confusion over the purpose of the cap. Why does the debt ceiling exist? Why can’t we just have unlimited debt? Learn more with this political update from the BPR Media Team.

Video by Zack Goldstein and Yashi Wang.