What to know about the debt ceiling

Published: Oct 04 2013 11:28:57 AM EDT

The government shutdown may be making headlines, but the debt ceiling is an even bigger looming crisis.

Debt Ceiling - Generic
1 / 12
CNN

The government shutdown is making headlines, but an even bigger crisis looms over the nation's debt ceiling. Here's what you need to know about this complicated issue:

Advertisement

Most Viewed on WFMZ.com

Advertisement
 

Slideshow Of The Day

On this Day

  • British tank, 1991 Gulf War

    U.S. Department of Defense

    On this day: February 28

    Nylon is invented, the "M*A*S*H" finale draws a record audience, Michael Jackson wins a record eight Grammys, the Gulf War ends, and the Branch Davidian standoff begins, all on this day.