CHART OF THE DAY: The History Of The US Debt Ceiling

button more charts
button chart prev
button chart next

Want to get the Chart Of The Day a day earlier? Sign up for our Chart of the Day email.

The hottest issue in Washington is the US debt ceiling, and the question of whether the GOP will agree to hike it, and avoid a default.

Why is it such a big issue all of the sudden?

Well, because the debt itself is so huge, relative to GDP. We’re on the verge of that famous 90%-100% debt-to-GDP ratio where many believe a sovereign debt crisis is inevitable.

Thus a vote that used to be perfunctory is now the subject of massive nervousness in DC.

chart of the day, us debt ceiling, jan 2011

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at