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The debt ceiling is an aggregate of gross debt, which includes debt in hands of public and in intragovernment accounts. The debt ceiling does not necessarily reflect the level of actual debt. From March 15 to October 30, 2015 there was a de facto debt limit of $18.153 trillion, [ 56 ] due to use of extraordinary measures .
On February 12, 2014, the Temporary Debt Limit Extension Act was passed, suspending the debt ceiling until March 15, 2015. At that time, the Treasury Department took extraordinary measures. [49] The debt ceiling would again have been reached on November 3, 2015. [51] [52] [53] But on October 30, 2015, the debt ceiling was suspended to March ...
Dutch general election, 2017. Voters in the Netherlands go to the polls for a general election. Exit polls suggest that incumbent Prime Minister Mark Rutte's People's Party for Freedom and Democracy will win the most seats in the election.
The Temporary Debt Limit Extension Act is a bill that would suspend the United States debt ceiling until March 15, 2015. [1] There would be no statutory limit on the amount of money the government is allowed to borrow between now and then. The current cap on borrowing is $17.2 trillion. [2]
Public debt surged during the 1980s, as Ronald Reagan cut tax rates and increased military spending, while it decreased in the 1990s due to reduced military spending, increased taxes, and the economic boom. Public debt sharply rose following the 2007–08 financial crisis, driven by significant tax revenue declines and spending increases.
The debt ceiling is an aggregate of gross debt, which includes debt in hands of public and in intragovernment accounts. The debt ceiling does not necessarily reflect the level of actual debt. From March 15 to October 30, 2015 there was a de facto debt limit of $18.153 trillion, [ 188 ] due to use of extraordinary measures .
The European debt crisis is a crisis affecting several eurozone countries since the end of 2009. [7] [8] Member states affected by this crisis were unable to repay their government debt or to bail out indebted financial institutions without the assistance of third-parties (namely the International Monetary Fund, European Commission, and the European Central Bank).
Debt ceiling crisis may refer to one of these events in the United States debt ceiling history: 1995 United States debt-ceiling crisis, part of the 1995–1996 United States federal government shutdowns; 2011 United States debt-ceiling crisis; 2013 United States debt-ceiling crisis; 2023 United States debt-ceiling crisis