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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.
Indeed, credit card debt has surged in the last two years, CardHub found. Last year's $57.1 billion in new card debt is a jump of 47 percent compared with 2013 and a 55 percent leap from 2012. Â© 2015 CBS Interactive Inc.. All Rights Reserved.