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United States debt ceiling


US debt ceiling at the end of each year from 1981 to 2010 ..... to continue meeting federal obligations provided that it does not involve the issue of new debt.

Congress Strikes a Budget Deal With President - The New York Times


Oct 26, 2015 ... House Republicans' Budget Bill Deepens Rift as U.S. Debt Deadline Nears OCT. ... The agreement would raise spending by $80 billion over two years, not ... and noted that raising the limit merely covers previous expenses and does not ... An accord to lift the debt ceiling and settle the spending impasse ...

Just the Facts: Debt Ceiling - No Labels


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.

Debt limit to arrive 2 days early, Treasury secretary warns Congress ...


Oct 15, 2015 ... The federal government will reach its borrowing cap on Nov. ... and negatively impact the credit rating of the United States,” Lew wrote. While Congress has never failed to raise the debt ceiling, it has delayed action until the last ... A new report from the Congressional Budget Office seconds Lew's warning.

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


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.

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


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 ...

House GOP leaders reach budget deal with Obama White House ...


Oct 26, 2015 ... "A two-year budget deal that raises the debt ceiling for basically the entire term of this presidency." ... The focus is on setting a new overall spending limit for agencies whose ... year. It will be up to the House and Senate Appropriations committees to produce a ... U.S. Income Gains Bode Well for Black Fr...

Reaching Debt Ceiling a Good Time to Evaluate Wasteful Spending ...


Mar 11, 2015 ... News, Opinion & Analysis ... that beginning Monday, March 16, the United States debt will reach the statutory debt limit. ... Our debt will continue to grow, and the debt ceiling will continue to need to be increased, ... Instead, the blank check is Congress' year-in, year-out commitment to overspending and ...

Ten questions about the debt ceiling | PolitiFact


Oct 13, 2013 ... The debt ceiling constrains how much debt the federal government can carry at a ... "If the U.S. reaches the debt cap and Congress does not approve further ... president are the ones who must sign off on any new federal commitments. ... Every year, the federal government either runs a surplus or a deficit.

Budget Deal Stirs Anger on the Right - WSJ


Oct 27, 2015 ... Conservatives Reach Out to Latinos Ahead of 2016 Elections .... The deal reached late Monday effectively raises the debt ceiling through ... As John Boehner exits to make way for a new Speaker of the House, he is ... “But it will last for two years and it will prevent us from lurching from crisis to crisis.”.

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Congress now has five weeks to raise debt limit before U.S. defaults


Oct 1, 2015 ... The Treasury Department moved up the estimated date of a debt limit ... News · Sports · Life · Money · Tech · Travel · Opinion ..... The Treasury Department said Thursday that the U.S. will reach the $18.1 trillion debt limit as soon as Nov. ... The national debt has, for all leg...

CBO: US could reach $18.1 trillion debt limit in mid-November | TheHill


Aug 25, 2015 ... The United States will likely hit the $18.1 trillion debt limit around mid-November ... authority to prevent a first-ever default on the national debt.

Treasury Secretary Keeps Up Pressure To Raise Debt Limit : It's All ...


Oct 8, 2015 ... Secretary Jack Lew in his office at the U.S. Department of the Treasury in ... 5, Lew says, Congress must raise the federal debt limit to allow the ... defense and spending cuts put in place in recent years. ... With Boehner gone, there's no telling what the strategy will be of the new House Republican leadership ...

The Debt Limit: History and Recent Increases - U.S. Senate


Nov 2, 2015 ... Federal debt accumulates when the government sells debt to the ... The debt limit rose a third time in less than a year to $12,104 billion ..... U.S. Department of the Treasury (Treasury) can be hobbled when federal debt nears its legal ... 9 See CRS Report R41633, Reaching the Debt Limit: Background and ...

Congress aims for fast budget, debt limit passage | Reuters


Oct 27, 2015 ... A U.S. budget and debt ceiling deal headed toward quick action in Congress on ... a deal being negotiated as the clock struck midnight on New Year's Eve. ... Ryan will face an early test as Congress must approve specific new ...