What it the “debt ceiling” and how is it affecting you?January 20, 2023 The Treasury Department is seen near sunset in Washington, Wednesday, Jan. 18, 2023. The Treasury Department projects that the federal government on Thursday will reach its legal borrowing capacity, an artificially imposed cap that lawmakers have increased roughly 80 times since the 1960s. Markets so far remain calm, as the government can temporarily rely on accounting tweaks to stay open. (AP Photo/Jon Elswick) ATLANTA – What is the debt ceiling? How does it affect everything you buy and do? Who controls it? Take 5 minutes and learn all about it with Ben Burnett.