Whenever debates over the budget rage in Washington, leaders can't help but say the government should balance their budget as well as a household. But that analogy might not always hold water.
The government is considering raising the debt ceiling — again. But what exactly is the debt ceiling: Watch an explainer to understand what's at stake and what it means for you and me.
The U.S. cannot pinpoint just when it will hit its debt limit, and while a giant unexpected expense could cause a problem, it's revenues that make the deadline tough to figure out.