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On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U.S. government accrues. [1] [2] In response, Janet Yellen, the secretary of the treasury, began enacting temporary "extraordinary ...
The nation’s debt ceiling was reinstated Thursday, ... That figure stood at just over $36.1 trillion on December 31, up from $31.4 trillion in June 2023, when the cap was suspended as part of ...
The national debt currently exceeds $36 trillion — an increase of about $5 trillion from where it stood at the time of the 2023 debt ceiling battle. When the debt limit is reinstated next week ...
On January 19, the U.S. government reached its debt ceiling limit of $31.4 trillion, provoking U.S. Treasury Secretary Janet Yellen to tell Congress "extraordinary measures" would start to roll ...
The US last dealt with a debt ceiling crisis in early 2023, when it hit its $31.4 trillion debt limit. After months of contentious negotiations between the GOP-led House and the Democrats who ...
The dual releases Wednesday of the “Federal Debt and the Statutory Limit, February 2023 ... in the months ahead as all sides wrestle with resolving the growing debt ceiling crisis, the ...
As the deadline for the debt ceiling looms -- Treasury Secretary Janet Yellen said the country would hit the threshold on Jan. 19 -- negotiations seem at a standstill, which could force the ...
Debt Ceiling 2023: Wall Street Traders Pen Letter to Yellen Warning of ‘Costly’ and ‘Long-Term’ Implications if US Defaults. Yaёl Bizouati-Kennedy. May 11, 2023 at 9:39 AM.