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Bookmark or Share- Biden Signs Fiscal Responsibility Act, Ending Debt-Limit Crisis - The ...President Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday, ending for now the threat of economic calamity from a default on the nation’s debt and putting limits on...
- The 2023 Long-Term Budget Outlook | Congressional Budget OfficeSpending. In 2023, outlays fall to 24.2 percent of GDP as federal spending in response to the pandemic diminishes. Outlays continue to decline through 2026 but increase thereafter, reaching 29.1 percent of GDP in 2053. (By comparison, from 1993 to 2022, outlays averaged 21.0 percent of GDP.)
- financial crisis of 2007–08 - Encyclopedia Britannicafinancial crisis of 2007–08, severe contraction of liquidity in global financial markets that originated in the United States as a result of the collapse of the U.S. housing market.
- The Financial Crisis the World Forgot - The New York TimesHow They Fixed It. The Fed likely saved the nation from a crippling financial crisis that would have only intensified the economic damage the coronavirus went on to inflict. John Taggart for The...
- The Nation’s Fiscal Health: After Pandemic Recovery, Focus Needed on ...Highlights. The Government’s Fiscal Condition in 2020 Reflects Response to the Pandemic. The COVID-19 pandemic has resulted in catastrophic loss of life and substantial damage to the global economy, stability, and security. This continuing crisis prompted a major federal response.
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