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The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025. ... That figure stood at just over $36.1 trillion on ...
On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U.S. government accrues. [1] [2] In response, Janet Yellen, the secretary of the treasury, began enacting temporary "extraordinary ...
The national debt currently exceeds $36 trillion — an increase of about $5 trillion from where it stood at the time of the 2023 debt ceiling battle. When the debt limit is reinstated next week ...
Bill passed after senators rejected 11 proposed amendments
The last time lawmakers raised the debt limit was June 2023. Rather than raise the limit by a dollar amount, lawmakers suspended the debt limit through Jan. 1, 2025. At that point, the limit will ...
As the deadline for the debt ceiling looms -- Treasury Secretary Janet Yellen said the country would hit the threshold on Jan. 19 -- negotiations seem at a standstill, which could force the ...
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The White House and congressional Democrats continue to look at their options to avoid a looming financial crisis as Republicans so far refuse a clean raising of the debt ceiling. ... 2023 at 5 : ...