I read the article and I still don't know what this means. Honestly asking for a simple explanation.

Oh wait they are literally removing the debt ceiling limit temporarily till 2025? As in unlimited spending for the next 1.5 years. This didn't click in my head because it would so outrageously irresponsible.

Sounds to me excactly like it.

Maybe this view explains it further for you.

Bitcoin News

Economist Peter Schiff Blasts Debt Ceiling Deal, States National Debt Might Increase by $4 Trillion in the Next Two Years

Peter Schiff, the chief economist of Europac and best-selling author, has blasted the recent bipartisan deal regarding the debt ceiling