Demonstration Of The Debt Ceiling Of How The Dealing Works In A Two Way Street

The exterior of the U.S. Capitol building is seen at sunrise on February 8, 2021, in Washington, DC. Congress and the White House will meet next week to prevent the default. SARAH SILBIGER/JUSTFACTS

Congress and the White House are at stalls in a deal to raise the debt limit as the U.S. could be in default by June 1st to pay its bills including federal government employees.

Contrary to widespread claims that the U.S. government will default on its debt if Congress doesn’t raise the debt limit, federal law and the Constitution require the Treasury to pay the debt, and it has ample tax revenues to do this.