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