the credit of the United States What Does This Power Mean? This means only Congress can raise the debt ceiling. The president has no control over it. The President can no more authorize additional borrowing than he can impose new taxes, regulate commerce or exercise any other power granted only to Congress. Last Time This Power Was Used The No Budget, No Pay Act of 2013 suspended the debt ceiling from February 4, 2013 until May 19, 2013. On May 19, the debt ceiling was formally raised to approximately $16.699 trillion to accommodate the borrowing done during the suspension period. Is Congress Abusing the Power? This is more of an opinion based answer, but I feel like Congress is abusing it. Through the years, the debt ceiling has been raised multiple times and not once been lowered, giving the government the chance to increase or debt, but never forcing them to lower it.