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Debt Limit Featured News
New study: debt limit deadline likely extended
AP-GfK Poll: 87% in US disapprove of Congress
S&P president steps down
Liberals complain about Obama; will it cost votes?
Fitch Ratings Keeps U.S. at Top Credit Rating
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Debt Limit | U.S. Department of the Treasury
The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past.Failing to increase the debt limit would have catastrophic economic consequences. It would cause the government to default on its legal obligations – an unprecedented event in American history ...
We Hit the Debt Limit. What Happens Now? (Published 2023)
During the 2011 debt limit standoff, officials made rough contingency plans for this kind of prioritization, as Federal Reserve transcripts from that time suggest.
White House and G.O.P. Strike Debt Limit Deal to Avert Default
With the government on track to reach its borrowing limit within days, negotiators sealed an agreement to raise the debt ceiling for two years while cutting and capping certain federal programs.
The U.S. Hit the Debt Ceiling. What Does That Mean and What Happens Now ...
What is the debt limit? The debt limit is a cap on the total amount of money that the federal government is authorized to borrow to fulfill its financial obligations. Because the United States ...
June 1, 2023 Senate passes US debt ceiling bill | CNN Politics
Addresses the debt ceiling: The agreement would suspend the nation’s $31.4 trillion debt limit through January 1, 2025. This removes it as a potential issue in the 2024 presidential election.
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