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United States debt ceiling

en.wikipedia.org/wiki/United_States_debt_ceiling

The United States debt ceiling or debt limit is a legislative limit on the amount of national debt that can be issued by the US .... The President formulates a federal budget every year, which Congr...

Just the Facts: Debt Ceiling - No Labels

www.nolabels.org/blog/just-the-facts-debt-ceiling/

Oct 21, 2015 ... The U.S. spends more than it brings in, forcing us to borrow money and take on debt. ... Congress can choose to raise that ceiling when we reach it, and has 74 times in ... and failure to raise the ceiling won't reverse spending or reign in new debt. ... This year could be especially messy due to poor timing.

It's official: U.S. hits debt ceiling - Dec. 31, 2012 - CNN Money

money.cnn.com/2012/12/31/news/economy/debt-ceiling/

U.S. debt will reach its legal borrowing limit on Monday, giving Congress about two months before it must raise the debt ceiling or risk causing the government to default on its bills and ... Last year, political brinksmanship over the debt limit led to the ... CNNMoney (New York) First published December 31, 2012: 6:20 PM ET  ...

Borrowing and the Federal Debt - National Priorities Project

www.nationalpriorities.org/budget-basics/federal-budget-101/borrowing-and-federal-debt/

If federal revenues and government spending are equal in a given fiscal year, then ... If the government runs a surplus, it can use the extra money to pay down some of its debt. ... As of June 4, 2015, total U.S. debt stood at $18.153 trillion. .... The national debt is expected to reach the current debt ceiling in the summer or fall ...

U.S. Debt Limit 101 | Center for American Progress

www.americanprogress.org/issues/budget/report/2011/04/28/9533/u-s-debt-limit-101/

Apr 28, 2011 ... What You Need to Know About the Federal Debt Limit ... In years when there is a surplus, such as what happened between 1998 and 2000 under President ... How big is the debt limit and when will we reach it? ... government spending soared alongside new spending needed to rescue the U.S. economy.

U.S. Debt Is Heading Toward $20 Trillion: Where It's Been, Where ...

www.forbes.com/sites/mikepatton/2016/03/28/u-s-debt-is-heading-toward-20-trillion-where-its-been-where-its-going-and-why/

Mar 28, 2016 ... The national debt is heading toward $20 trillion, which reflects years of overspending. In this article, we will reveal the event that opened the ...

Separating the Debt Limit From the Deficit Problem | Center on ...

www.cbpp.org/research/separating-the-debt-limit-from-the-deficit-problem-0

Jan 23, 2013 ... The debt that matters for policy is essentially the total of federal budget deficits, ... Despite widespread misunderstanding, raising the debt limit does not create more .... In recent years, the debt limit has served mainly as a vehicle for other .... But they will reach that judgment very quickly if the United States...

Reaching Debt Ceiling a Good Time to Evaluate ... - US News

www.usnews.com/opinion/economic-intelligence/2015/03/11/reaching-debt-ceiling-a-good-time-to-evaluate-wasteful-spending

Mar 11, 2015 ... Our debt will continue to grow, and the debt ceiling will continue to ... Instead, the blank check is Congress' year-in, year-out commitment to ...

Congress Is Holding The Debt Ceiling Hostage Yet Again. Here's ...

www.huffingtonpost.com/entry/hit-the-debt-ceiling_us_56290cf6e4b0443bb562fc66

Oct 22, 2015 ... The United States will reach its legal debt limit on Nov. ... So when Congress extends the debt ceiling, it isn't spending new money. .... in Washington likely doesn't worry them as much as it might have a few years ago.

Don't Raise the Debt Limit Without Getting Spending Under Control

www.heritage.org/research/reports/2011/04/dont-raise-the-debt-limit-without-getting-spending-under-control

Apr 21, 2011 ... It needs only the will to do so and the support of the American people. As federal borrowing approaches the current debt limit of $14.294 ... that the government soon will reach the current statutory debt limit of .... In that Act and acts in succeeding years, through the Great Depression and the New Deal, ...

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Lew to Congress: US hits debt limit on March 16, needs to be raised ...

www.cnbc.com

Mar 7, 2015 ... Unless Congress takes action, the U.S. will hit its debt limit on Mar. ... with the debate over government agency funding for the new fiscal year, ... does not raise the federal debt limit, the Treasury Department will exhaust all of ...

10 Questions on the U.S. Debt Ceiling - Real Time Economics - WSJ

blogs.wsj.com

Oct 15, 2015 ... Last year, Congress voted to suspend the debt limit through March 15, after which the ... Does raising the debt ceiling approve new spending?

Obama presidency to end with $20 trillion national debt ...

www.washingtontimes.com

Nov 1, 2015 ... Rather than a spending increase of $80 billion over two years, the nonprofit group said, ... “We will be raising the debt ceiling in an unlimited fashion,” said Sen. ... “It will keep us safe by investing in our national security. ... programs, we had added new spending, and the deficit got worse under Republicans.