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In 2011, ongoing political debate in the United States Congress about the appropriate level of government spending and its effect on the national debt and deficit reached a crisis centered on raising the debt ceiling, leading to the passage of the Budget Control Act of 2011.
In the United States, the debt ceiling is a law limiting the total amount of money the ... Following the increase in the debt ceiling to $16.394 trillion in 2011, ...
The history of the United States debt ceiling deals with movements in the United States debt ceiling since it was created in 1917. Management of the United States public debt is an important part of the macroeconomics of the United States economy and finance system, and the debt ceiling is a limitation on the federal government's ability to manage the economy and finance system.
The President and Congressional leaders have agreed on a package to raise the debt ceiling and reduce deficits by $2.5 trillion over the next decade. ... 800-290-4726 more ways to reach us. Login ...
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 ...
If it seems like we've been here before, we have. In fact, we've been in this debt-ceiling-raising situation 78 -- yes, seventy-eight -- times since 1960. Once again, disaster appears to have been ...
The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.
Americans' serious fears about the U.S. government's debt ceiling stalemate are proliferating and growing in volume as the deadline to pass an increase or face default looms. If you think ...