The US debt ceiling officially came back into force on Sunday

The US debt ceiling officially came back into force on Sunday after a two-year suspension. And lawmakers have not yet said what measures they want to take to avoid potentially exceeding the allowed limit. Currently, the federal government debt ceiling in the US is set at $ 28.5 trillion and has already been reached. Congress will be under pressure to find a solution that will allow the government to continue to borrow money, as the new coronavirus pandemic is far from over. Under the Congressional Budget Agreement, the debt ceiling was suspended for two years in August 2019. Democrats, who have only a narrow majority in both chambers, have not yet indicated whether they plan to either raise the limit or suspend it again. Without taking the necessary steps, the USA is already threatened with insolvency in October. Although the United States has managed to prevent a "debt ceiling crisis" since the 1980s, the federal government has been forced to shut down several times over the past decade until it reaches a debt agreement. The Ministry of Finance already launched extraordinary measures to support cash on Friday. On that afternoon, the sale of State and Local Government Series securities, which help local authorities invest bond yields, came to a halt. Other options for the Treasury include the suspension of new investments in funds for retired public sector employees. Democrats said last week before leaving for the August parliamentary holidays that they would solve the debt ceiling problem. But they did not provide details. One alternative is negotiating with Republicans to increase the ceiling in exchange for agreeing to some of their favorite budget lines, or linking the ceiling increase to other bills.