The US national debt is one of the most discussed economic topics, affecting not only traditional markets but also cryptocurrencies. The chart shows how the US debt limit has increased over the decades, accompanied by key economic and political events. Historical background
1. The national debt limit was first established by Congress in 1917.
2. In 1939, a single aggregated limit of $45 billion was introduced.
3. Since then, the limit has been increased 89 times, 54 of which were under Republican presidents and 35 under Democratic presidents. Key events 1946: The limit was reduced to $275 billion after the end of World War II. 1979:
The delay in raising the limit led to bond payment failures. 1985: The Treasury first used "extraordinary measures" to prevent default. 2011: The most complex debt limit crisis; the US rating was downgraded from AAA to AA+.
Output
The national debt limit is not only a financial indicator but also a powerful political tool that affects global economic stability. Its dynamics impact markets around the world, including cryptocurrencies, making it an important indicator for analysis and investment decision-making.