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On February 4, 2013, President Obama signed into law the "No Budget, No Pay Act of 2013", which suspended the U.S. debt ceiling through May 18, 2013. The bill was passed in the Senate one week previously by a vote of 64–34, with all "no" votes from Republican senators, [ 13 ] who were critical of the lack of spending cuts that accompanied an ...
For the second time in three years, the U.S. government is again running perilously close to reaching the debt ceiling -- but Wall Street is indicating that its level of concern this time around ...
The debt ceiling is an aggregate figure that applies to gross debt, which includes debt in the hands of the public and intra-government accounts. As of October 2013, about 0.5 percent of the debt is not covered by the ceiling. [9] There is debate about whether the debt ceiling is constitutional.
The debt ceiling is the amount of money the U.S. government is legally allowed to borrow in order to pay its bills on pre-existing debt. Pre-existing is the important term here, as it indicates ...
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The 2013 debt ceiling crisis ended first with a short term deal that required each chamber to pass a budget and then later in the year set up conferences to reconcile budgets as part of a broader ...
The U.S. debt ceiling talks continue to stagnate in Washington, but the degree to which the rest of the country cares seems limited at best. In the meantime, the debate appears to be political ...
A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown. President-elect Donald Trump has demanded that a provision raising or suspending the nation's debt limit — something that his own party routinely resists — be included in legislation to avert a ...