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  2. Wall Street crash of 1929 - Wikipedia

    en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

    The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.

  3. 2013 United States debt-ceiling crisis - Wikipedia

    en.wikipedia.org/wiki/2013_United_States_debt...

    The debt ceiling had technically been reached on December 31, 2012, when the Treasury Department commenced "extraordinary measures" to enable the continued financing of the government. [3] [4] The debt ceiling is part of a law (Title 31 of the United States Code, section 3101) created by Congress.

  4. History of the United States debt ceiling - Wikipedia

    en.wikipedia.org/wiki/History_of_the_United...

    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.

  5. Black Monday (2011) - Wikipedia

    en.wikipedia.org/wiki/Black_Monday_(2011)

    Since the United States Department of the Treasury has no authority to issue or incur debt beyond the debt ceiling set by the United States Congress, failure to reach an agreement between the necessary members of the government to raise the debt ceiling meant that certain debts would not be paid, and this would potentially affect the government ...

  6. What is the debt ceiling, and is Trump right that a default ...

    www.aol.com/debt-ceiling-trump-default-could...

    Since the debt ceiling system was instituted in 1917, Congress has never not raised the debt ceiling. Congress has voted 78 times to raise or suspend the debt limit since 1960.

  7. Debt ceiling deal: What's in it and why some lawmakers are ...

    www.aol.com/news/debt-ceiling-deal-why-lawmakers...

    Members of both parties have reservations with the deal reached over the weekend, with the right-wing Freedom Caucus hoping to scuttle the bill in the House. Debt ceiling deal: What's in it and ...

  8. The debt-ceiling solution will be phony spending cuts

    www.aol.com/finance/debt-ceiling-solution-phony...

    The template for a solution to the debt-ceiling standoff in 2023 is the debt-ceiling deal of 2011. ... The S&P 500 stock ... going wrong at the same time Congress went to the wall on the debt limit.

  9. 2011 United States debt-ceiling crisis - Wikipedia

    en.wikipedia.org/wiki/2011_United_States_debt...

    Congress has set a debt ceiling, beyond which the Treasury cannot borrow (this is similar to a credit limit on a credit card). The debt limit does not restrict Congress's ability to enact spending and revenue legislation that affects the level of debt or otherwise constrains fiscal policy; it restricts Treasury's authority to borrow to finance ...