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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 ...
The first tropical cyclone of the year was a tropical disturbance in the South Pacific, which formed on January 2 over the Solomon Islands.It was the first of 20 tropical cyclones in the South Pacific during the year, [57] [58] including Cyclone Donna, which became the strongest cyclone on record in the basin in the month of May, with 10 minute sustained winds of 205 km/h (125 mph). [59]
2017 - The Greek finance ministry reported that the government's debt load is now €226.36 billion after increasing by €2.65 billion in the previous quarter. [23] In June 2017, news reports indicated that the "crushing debt burden" had not been alleviated and that Greece was at the risk of defaulting on some payments.
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 the United States, government shutdowns occur when funding legislation required to finance the federal government is not enacted before the next fiscal year begins. In a shutdown, the federal government curtails agency activities and services, ceases non-essential operations, furloughs non-essential workers, and retains only essential employees in departments that protect human life or ...
The US debt crisis may refer to: 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
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.