The debt ceiling — the limit on how much the U.S. can borrow — is meant to curb the U.S. national debt that has accrued to over $17.5 trillion.
In February 2014, President Obama signed legislation that suspended the debt limit until March 2015. The suspension allows the treasury department to borrow money needed to pay obligations that come up during the suspension. The Treasury department can’t exploit the suspension, they can only use it to take loans for government payments due within the duration of the suspension. Suspending the debt limit — instead of raising it — essentially allows lawmakers to sideline a vote on the debt ceiling, until a later, more desirable date that’s not on an election year.
Specifically, H.J.Res. 99 chastises section 1002(b) of the Continuing Appropriations Act, 2014 which outlines the President ability to issue a certification of a debt limit suspension to Congress.