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It would cause the government to default on its legal obligations – an unprecedented event in American history. That would precipitate another financial crisis ...
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... debt limit till 2025, along with a cap on federal spending and restrictions on some poverty assistance programs. The deal was rushed through the House and ...
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Jan 23, 2013 · To be sure, the nation's long-term fiscal path is unsustainable due to rising health care costs, an aging population, and inadequate revenues, ...
May 3, 2023 · New White House analysis finds that if the U.S. government were to breach the debt ceiling, the economy could potentially lose millions of ...
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Sep 24, 2021 · The task keeps coming back like a bad penny: Congress soon must raise the debt ceiling again. It will be almost the 100th time it has done so.
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Feb 1, 2023 · ... debt hole. The other bad option of inflating away the debt would worsen overall economic performance by reducing the purchasing power of the ...
Mar 1, 2023 · ... Poor's before a deal was signed in 2011, just days before default. Exhibit 1: Market Volatility was Extreme but Short-Lived in 2011. Today's ...
conduct of politicians does not improve in the next two years, the United States could again face another political battle over the debt ceiling; ...
Feb 1, 2023 · The debt limit is a cap on the total amount of money that the federal government is authorized to borrow to fulfill its financial obligations.
May 2, 2023 · A close call in 2011 roiled the financial markets and prompted Standard & Poor's to downgrade the US' credit rating to AA+ from AAA. Yellen gave ...