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Sep 24, 2021 · Congress is seeking (its own) permission to borrow another trillion or two. House Democrats on Tuesday passed a bill that would suspend the U.S. debt ceiling through December 2022 and temporarily ...
- The debt ceiling: What is it and what happens if Congress ...
In recent years, however, the debate has turned particularly...
- The debt ceiling: What is it and what happens if Congress ...
May 2, 2023 · The debt limit started to take its current shape in 1939, when Congress consolidated different limits that had been set on different types of bonds into a single borrowing cap. At the time, the ...
Jan 11, 2023 · Although the debt ceiling debate often elicits calls by lawmakers to cut back on government spending, lifting the debt limit does not authorize any new spending and in fact simply allows the ...
The debate dimmed when Donald Trump, a Republican, was in the White House and Congress raised the limit three times without major debate. It reignited when Joe Biden became president. Debt ceiling ...
Mar 23, 2023 · In recent years, however, the debate has turned particularly rancorous amid the growing partisan divide in Congress. The debt ceiling was last raised in 2021, to $31.4 trillion, where it currently ...
May 8, 2023 · Republicans have floated the idea of a temporary suspension, which would mean delaying the debt limit debate until a later date. In the meantime, Congress would agree to raise the limit by a small ...
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Dec 15, 2021 · House votes on the debt ceiling past midnight on December 15, 2021. Just hours after the Senate voted, and with less than a day before the deadline was reached, the House passed legislation to ...
