Asian Spectator

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A brief history of debt ceiling crises and the political chaos they've unleashed

  • Written by Raymond Scheppach, Professor of Public Policy, University of Virginia
A brief history of debt ceiling crises and the political chaos they've unleashedWith the House GOP and President Joe Biden locked in a struggle over the debt limit, it's dark times in the U.S. Capitol.Bill O'Leary/The Washington Post via Getty Images

There have been numerous fiscal crises in the United States where Congress has either failed to pass a budget on time or there were doubts that the federal debt ceiling would be...

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