The U.S. hit its borrowing limit last week and will soon run out of money the country needs to pay the its bills, according to a letter by Treasury Secretary, Jack Lew.
Set to be out of session next week, Congress suspended the debt ceiling in October. That provision expired Feb. 7.
The Christian Science Monitor has curated 12 charts summarizing the debt ceiling. Find out what the nation’s borrowing limit means for you.
photo by Matthew Roth