With many cities facing a fiscal cliff as ARPA funding ends, debt ceiling debate continues on Capitol Hill

As debate over the debt ceiling continues, cities and counties across the nation are facing an uncertain future as American Rescue Plan Act funding dries up. The federal government reached its spending cap of $31.4 trillion, previously set in 2021, in January. Since then, with lawmakers on Capitol Hill locked in impasse, the U.S. Department of the Treasury has been paying the nation’s bills from cash reserves.