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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.
Congress has enacted 74 separate measures that have altered the limit on federal debt since March of 1962. As the nation's debt load has surged from $1 trillion to $10 trillion to its current level of $14.3 trillion, the debt ceiling limit has also been raised accordingly.