Search results
Results From The WOW.Com Content Network
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.
For premium support please call: 800-290-4726 more ways to reach us
GOP leaders in the House last month floated an idea to raise the debt limit by $1.5 trillion in 2025 as part of a first reconciliation package, which may include border security and energy ...
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 ...
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.
October 17. Mark that day on your calendar. According to Treasury Secretary Jack Lew, that's when -- give or take a few days -- the U.S. government could effectively run out of cash and be unable ...