Bill > HJRes99

This Joint Resolution expresses Congress's disapproval of the President's decision to suspend the debt limit, a mechanism that allows the government to borrow money to meet its financial obligations. Specifically, it targets the President's action taken under a provision within the Continuing Appropriations Act of 2014, which was enacted to fund the government and prevent a shutdown. The debt limit, often referred to as the debt ceiling, is a statutory cap on the total amount of money the United States government is authorized to borrow to fulfill its existing legal obligations, such as Social Security benefits, military salaries, and interest on the national debt. By disapproving the President's suspension of this limit, Congress is signaling its disagreement with the way this authority was used.