The truth about the national debt ceiling The debt ceiling has been a slowly ticking time bomb in Washington — and it's weeks away from potentially exploding. So The Fact Checker this week tackled the issue in detail. First, we provided an explanatory article for people who are just catching up to this complex and often confusing issue. Among the questions we answered: - What is the national debt?
- Why does the United States have a debt limit?
- Do other countries have debt ceilings?
- What happens if the two sides don't reach an agreement?
The link below leads to our complete report. Enjoy this newsletter? Forward it to someone else who'd like it! If this email was forwarded to you, sign up here. Did you hear something fact-checkable? Send it here; we'll check it out. Digging through the spin and counterspin on 'VA cuts' As soon as House Republicans narrowly approved a bill that would raise the national debt ceiling while squeezing federal spending, the Biden administration rolled out news releases with specifics on what supposedly would happen to veterans' benefits if the bill were enacted. A left-leaning veterans group, VoteVets, immediately launched ads using the administration statistics. Republicans cried foul, noting that the bill never mentions veterans. House Speaker Kevin McCarthy (R-Calif.) suggested the "truth" was that the government funding levels were little different from those of just "four months ago." Federal budget math is so complex that it frequently looks like a funhouse mirror. What you see depends a lot on where you stand. In our second report on the debt limit, we dug into the debate and showed how neither side in this debate has talked straight about the numbers. We're always looking for fact-check suggestions. You can reach us via email, Twitter (@GlennKesslerWP and @AdriUsero) or Facebook. Read about our process and rating scale here, and sign up for the newsletter here. Scroll down to read other fact checks on the federal budget and the national debt. | 
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