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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 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 ...
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 debt limit was raised to approximately $31.381 trillion on Dec. 16, 2021, but a Republican-led Congress following the midterm elections is now looking for spending cuts in exchange for support ...
The dual releases Wednesday of the “Federal Debt and the Statutory Limit, February 2023” and “The Budget and Economic Outlook: 2023 to 2033” also provided insights into the overall U.S ...
A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal ... The last time lawmakers raised the debt limit was June 2023 ...
The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy. ... 2023 at 11:52 AM ... Debt Limit. FILE ...
On May 3, the White House Council of Economic Advisers said that an actual breach of the U.S. debt ceiling would likely cause severe damage to the U.S. economy.