Author

Steven Pressman

Steven Pressman

Steven Pressman is emeritus professor of Economics and Finance at Monmouth University.

COMMENTARY
A large mural painted on a ceiling

Commentary: Why America has a debt ceiling

By: - September 24, 2021

Republicans and Democrats are again waging a battle of wills over the U.S. debt ceiling, which is a statutory limit on how much the government can borrow to pay its bills. Senate Minority Leader Mitch McConnell says no member of his party will support a bill lifting or suspending the debt limit – even though […]