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Prior to the 2011 debt ceiling crisis, the debt ceiling was last raised on February 12, 2010 to $14.294 trillion. [ 41 ] [ 42 ] On April 15, 2011, Congress passed the last part of the 2011 United States federal budget in the beginning 2012, authorizing federal government spending for the remainder of the 2011 fiscal year, which ended on ...
The debate sounds eerily similar: Newly elected House Republicans, eager to confront the Democratic president, refused to raise the debt limit without cuts to federal spending.
Here's the headline of the year: Apple (NAS: AAPL) now has more cash than the U.S. Treasury. As of Wednesday, the U.S. government had an operating balance of $73.7 billion. Apple has $76 billion ...
Doubt in the typically reliable U.S. currency could tank the markets, hurting 401(k)s and other investments (The S&P 500 lost 17% in the months surrounding the 2011 debt ceiling standoff.)
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 ...
The Budget Control Act of 2011 (Pub. L. 112–25 (text), S. 365, 125 Stat. 240, enacted August 2, 2011) is a federal statute enacted by the 112th United States Congress and signed into law by US President Barack Obama on August 2, 2011. The Act brought conclusion to the 2011 US debt-ceiling crisis.
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
In fact, you have to go all the way back to 2011 to find the last debt ceiling deal that resulted in concrete deficit reduction. ... During the 2011 standoff, leaders made frequent attempts to ...