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Since March 1962, the debt ceiling has been raised 74 times, according to the Congressional Research Service. Ten of those times have occurred since 2001. Expect more of the same over the next decade.
The United States has the largest debt in the world but other countries face more dire situations. By Danielle Kurtzleben, Staff Writer | Jan. 28, 2011, at 3:11 p.m. As the United States inches closer to its current $14.3 trillion debt ceiling, policymakers are renewing the public debate over government borrowing and spending.