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Google Keyword Rankings for : debt ceiling needs to be raised
1
The Debt Ceiling: An Explainer - House Budget Committee
https://budget.house.gov/publications/fact-sheet/debt-ceiling-explainer
A debt ceiling does not constrain federal spending or the amount we need to borrow; it simply restricts Treasury's ability to honor ...
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https://budget.house.gov/publications/fact-sheet/debt-ceiling-explainer
A debt ceiling does not constrain federal spending or the amount we need to borrow; it simply restricts Treasury's ability to honor ...
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2
The federal debt ceiling needs to be raised | Chronicle Telegram
https://chroniclet.com/news/334222/the-federal-debt-ceiling-needs-to-be-raised/
The idea of a debt ceiling is, in theory, reasonable. The federal government should be judicious in its spending, and having a cap should serve ...
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https://chroniclet.com/news/334222/the-federal-debt-ceiling-needs-to-be-raised/
The idea of a debt ceiling is, in theory, reasonable. The federal government should be judicious in its spending, and having a cap should serve ...
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3
What Is the U.S. National Debt Ceiling? - Investopedia
https://www.investopedia.com/terms/d/debt-ceiling.asp
The debt ceiling is $31.4 trillion as of October 2022.7 It was raised to this level under President Biden in 2021. How Many Times Has the ...
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https://www.investopedia.com/terms/d/debt-ceiling.asp
The debt ceiling is $31.4 trillion as of October 2022.7 It was raised to this level under President Biden in 2021. How Many Times Has the ...
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4
Biden signs debt ceiling increase, preventing first-ever U.S. ...
https://www.cnbc.com/2021/12/16/biden-signs-debt-ceiling-increase-preventing-first-ever-us-default.html
President Joe Biden signed a debt ceiling increase into law Thursday, ensuring the U.S. will not default on its debt for the first time ever.
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https://www.cnbc.com/2021/12/16/biden-signs-debt-ceiling-increase-preventing-first-ever-us-default.html
President Joe Biden signed a debt ceiling increase into law Thursday, ensuring the U.S. will not default on its debt for the first time ever.
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5
Debt Limit | U.S. Department of the Treasury
https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit
Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, ...
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https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit
Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, ...
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6
Why Congress needs to abolish the debt limit
https://www.brookings.edu/testimonies/why-congress-needs-to-abolish-the-debt-limit-testimony-before-the-house-budget-committee/
The debt ceiling is a legal limit on the total amount of outstanding U.S. Federal debt. When the U.S. reaches that limit, the U.S. Treasury no ...
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https://www.brookings.edu/testimonies/why-congress-needs-to-abolish-the-debt-limit-testimony-before-the-house-budget-committee/
The debt ceiling is a legal limit on the total amount of outstanding U.S. Federal debt. When the U.S. reaches that limit, the U.S. Treasury no ...
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7
Congress faces another debt ceiling crisis post-midterms - Vox
https://www.vox.com/future-perfect/2022/11/16/23433281/congress-debt-ceiling-house-midterms-spending-cuts-lame-duck-session
If the ceiling is not raised, the result could be a large-scale recession or even a global financial crisis. Fearing the worst outcome, the ...
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https://www.vox.com/future-perfect/2022/11/16/23433281/congress-debt-ceiling-house-midterms-spending-cuts-lame-duck-session
If the ceiling is not raised, the result could be a large-scale recession or even a global financial crisis. Fearing the worst outcome, the ...
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8
GOP debt ceiling threats set to revive brinkmanship with White ...
https://www.washingtonpost.com/us-policy/2022/10/25/gop-debt-ceiling-threats-set-revive-brinkmanship-with-white-house/
The total national debt is $31 trillion. Last December, Congress raised the limit by $2.5 trillion, and current estimates suggest the debt could ...
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https://www.washingtonpost.com/us-policy/2022/10/25/gop-debt-ceiling-threats-set-revive-brinkmanship-with-white-house/
The total national debt is $31 trillion. Last December, Congress raised the limit by $2.5 trillion, and current estimates suggest the debt could ...
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9
What Is the Debt Ceiling and Why Does Congress Need to ...
https://www.wsj.com/articles/debt-ceiling-deadline-11627913756
15, putting Congress on the clock to again raise or suspend the federal borrowing limit. Treasury Secretary Janet Yellen, in mid-November, ...
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https://www.wsj.com/articles/debt-ceiling-deadline-11627913756
15, putting Congress on the clock to again raise or suspend the federal borrowing limit. Treasury Secretary Janet Yellen, in mid-November, ...
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10
White House's hopes for a lame-duck debt ceiling deal are ...
https://www.politico.com/news/2022/11/16/lame-duck-debt-ceiling-deal-00067123
Top Democrats have consistently signaled that they favor a bipartisan deal to raise the debt ceiling, arguing that Republicans should be ...
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https://www.politico.com/news/2022/11/16/lame-duck-debt-ceiling-deal-00067123
Top Democrats have consistently signaled that they favor a bipartisan deal to raise the debt ceiling, arguing that Republicans should be ...
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11
Debt Limit Threats Would Put the Global Economy at Risk
https://www.cbpp.org/blog/debt-limit-threats-would-put-the-global-economy-at-risk
Congress should therefore raise, suspend, or abolish the debt ceiling in a timely way and should not engage in reckless brinksmanship by ...
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https://www.cbpp.org/blog/debt-limit-threats-would-put-the-global-economy-at-risk
Congress should therefore raise, suspend, or abolish the debt ceiling in a timely way and should not engage in reckless brinksmanship by ...
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12
The US debt ceiling needs to be raised - Financial Times
https://www.ft.com/content/738d2e4f-5453-4f83-bec5-bbc995e1a30c
› ... › Economy › US economy
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https://www.ft.com/content/738d2e4f-5453-4f83-bec5-bbc995e1a30c
› ... › Economy › US economy
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13
Remarks by President Biden on the Need ... - The White House
https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/10/04/remarks-by-president-biden-on-the-need-to-raise-the-debt-ceiling/
But here's the deal: There's a cap on what we can borrow called the “debt limit.” And only Congress can raise or lower that debt limit. So, let ...
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https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/10/04/remarks-by-president-biden-on-the-need-to-raise-the-debt-ceiling/
But here's the deal: There's a cap on what we can borrow called the “debt limit.” And only Congress can raise or lower that debt limit. So, let ...
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14
Debt ceiling fights aren't new. The next one could unleash ...
https://www.cnn.com/2022/10/29/investing/us-treasuries-risk/index.html
“America should not be held hostage by members of Congress who think ... “If the US does not raise its debt ceiling and defaults on its debt ...
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https://www.cnn.com/2022/10/29/investing/us-treasuries-risk/index.html
“America should not be held hostage by members of Congress who think ... “If the US does not raise its debt ceiling and defaults on its debt ...
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15
Debt Limit Showdown Looms as White House Braces for a ...
https://www.nytimes.com/2022/11/03/business/biden-debt-limit-shutdown.html
The federal government could hit the debt ceiling in early 2023, though some estimates suggest it could happen later in the year; the Treasury ...
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https://www.nytimes.com/2022/11/03/business/biden-debt-limit-shutdown.html
The federal government could hit the debt ceiling in early 2023, though some estimates suggest it could happen later in the year; the Treasury ...
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16
Here's what the debt ceiling is and why Congress is ... - NPR
https://www.npr.org/2021/09/24/1031701538/congress-debt-ceiling-explainer
They know a debt ceiling bill will need at least 10 GOP votes to pass the chamber, yet Republicans have been saying for weeks that they will not ...
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https://www.npr.org/2021/09/24/1031701538/congress-debt-ceiling-explainer
They know a debt ceiling bill will need at least 10 GOP votes to pass the chamber, yet Republicans have been saying for weeks that they will not ...
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17
United States debt ceiling - Wikipedia
https://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 incurred by the U.S. Treasury, thus limiting ...
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https://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 incurred by the U.S. Treasury, thus limiting ...
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18
Pelosi Says Democrats Will Try To Raise Debt Ceiling This ...
https://www.forbes.com/sites/saradorn/2022/11/13/pelosi-says-democrats-will-try-to-raise-debt-ceiling-this-year-as-house-control-remains-uncertain/
The federal government is on track to reach the debt ceiling—a cap on total borrowing—at some point next year. If Congress fails to authorize ...
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https://www.forbes.com/sites/saradorn/2022/11/13/pelosi-says-democrats-will-try-to-raise-debt-ceiling-this-year-as-house-control-remains-uncertain/
The federal government is on track to reach the debt ceiling—a cap on total borrowing—at some point next year. If Congress fails to authorize ...
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19
Exclusive: Yellen warns of need to lift debt ceiling - Reuters
https://www.reuters.com/world/us/exclusive-split-congress-odds-increase-yellen-warns-need-lift-debt-ceiling-2022-11-12/
Some Republicans have threatened to use the next hike in the $31.4 trillion debt ceiling as leverage to force concessions from U.S. President ...
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https://www.reuters.com/world/us/exclusive-split-congress-odds-increase-yellen-warns-need-lift-debt-ceiling-2022-11-12/
Some Republicans have threatened to use the next hike in the $31.4 trillion debt ceiling as leverage to force concessions from U.S. President ...
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20
What the debt ceiling is, and why you should care about it
https://abcnews.go.com/Politics/debt-ceiling-care/story?id=80288518
The government needs to borrow money to continue paying out what Congress has already OK'd. The debt ceiling puts a limit on how much money the ...
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https://abcnews.go.com/Politics/debt-ceiling-care/story?id=80288518
The government needs to borrow money to continue paying out what Congress has already OK'd. The debt ceiling puts a limit on how much money the ...
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21
What's the Debt Ceiling, and Will the US Congress Raise It ...
https://www.bloomberg.com/news/articles/2022-12-02/what-s-the-debt-ceiling-and-will-the-us-congress-raise-it-again
The very phrase “debt ceiling” sounds austere and restrictive, as if it's a lid on government spending. In fact, the US federal debt limit ...
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https://www.bloomberg.com/news/articles/2022-12-02/what-s-the-debt-ceiling-and-will-the-us-congress-raise-it-again
The very phrase “debt ceiling” sounds austere and restrictive, as if it's a lid on government spending. In fact, the US federal debt limit ...
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22
Biden Can Raise the Debt Ceiling Without Congress
https://washingtonmonthly.com/2022/11/22/biden-can-raise-the-debt-ceiling-without-congress/
Another Republican-engineered default crisis is looming, but this time a Democratic president should use a little-understood provision in ...
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https://washingtonmonthly.com/2022/11/22/biden-can-raise-the-debt-ceiling-without-congress/
Another Republican-engineered default crisis is looming, but this time a Democratic president should use a little-understood provision in ...
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23
The Debt Limit Through the Years | Bipartisan Policy Center
https://bipartisanpolicy.org/debt-limit-through-the-years/
Following a lengthy government shutdown, the debt limit is increased to nearly $6 trillion as part of the Balanced Budget Act of 1997. Other provisions in the ...
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https://bipartisanpolicy.org/debt-limit-through-the-years/
Following a lengthy government shutdown, the debt limit is increased to nearly $6 trillion as part of the Balanced Budget Act of 1997. Other provisions in the ...
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24
Scoop: Biden officials discussing lame-duck debt ceiling deal
https://www.axios.com/2022/10/25/debt-ceiling-lame-duck-house-republicans
Senate Majority Leader Chuck Schumer (D-N.Y.) will likely need 60 votes in the Senate to raise the debt limit above its current $31.4 trillion, ...
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https://www.axios.com/2022/10/25/debt-ceiling-lame-duck-house-republicans
Senate Majority Leader Chuck Schumer (D-N.Y.) will likely need 60 votes in the Senate to raise the debt limit above its current $31.4 trillion, ...
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25
Should there be a debt ceiling? - The San Diego Union-Tribune
https://www.sandiegouniontribune.com/business/story/2021-10-15/should-there-be-a-debt-ceiling
NO: The level of federal debt reflects past tax and spending decisions. The ceiling has been repeatedly raised in the past when the level of ...
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https://www.sandiegouniontribune.com/business/story/2021-10-15/should-there-be-a-debt-ceiling
NO: The level of federal debt reflects past tax and spending decisions. The ceiling has been repeatedly raised in the past when the level of ...
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26
US Congress narrowly votes to raise debt limit - BBC News
https://www.bbc.com/news/world-us-canada-59661857
US lawmakers have voted to raise the national debt limit, just days before a potential US credit default. The measure, which President Joe ...
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https://www.bbc.com/news/world-us-canada-59661857
US lawmakers have voted to raise the national debt limit, just days before a potential US credit default. The measure, which President Joe ...
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27
The U.S. debt ceiling, explained | PBS NewsHour
https://www.pbs.org/newshour/show/the-u-s-debt-ceiling-explained
To address the debt ceiling, Congress has two options. They can either raise the debt limit by setting a new dollar figure for total borrowing, ...
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https://www.pbs.org/newshour/show/the-u-s-debt-ceiling-explained
To address the debt ceiling, Congress has two options. They can either raise the debt limit by setting a new dollar figure for total borrowing, ...
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28
Federal Debt Has Reached its Ceiling. What Does That Mean?
https://www.gao.gov/blog/federal-debt-has-reached-its-ceiling.-what-does-mean
Delays in raising the debt ceiling can disrupt financial markets, increase U.S. borrowing costs, and threaten the full faith and credit of ...
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https://www.gao.gov/blog/federal-debt-has-reached-its-ceiling.-what-does-mean
Delays in raising the debt ceiling can disrupt financial markets, increase U.S. borrowing costs, and threaten the full faith and credit of ...
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29
Should the United States Have a Debt Ceiling?
https://www.billofrightsinstitute.org/ttv/debates/should-the-united-states-have-a-debt-ceiling
No the debt ceiling should not be raised. One thing that would be bad is inflation. Pricing of everything is going up, most notably gas. Raising the ceiling ...
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https://www.billofrightsinstitute.org/ttv/debates/should-the-united-states-have-a-debt-ceiling
No the debt ceiling should not be raised. One thing that would be bad is inflation. Pricing of everything is going up, most notably gas. Raising the ceiling ...
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30
Dems Giving Up on Plan to Raise Debt Ceiling Before Next Year
https://www.yahoo.com/video/dems-giving-plan-raise-debt-233121271.html
Wait 'til next year: Budget experts say the debt ceiling will likely need to be raised in the third quarter of 2023, giving lawmakers time ...
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https://www.yahoo.com/video/dems-giving-plan-raise-debt-233121271.html
Wait 'til next year: Budget experts say the debt ceiling will likely need to be raised in the third quarter of 2023, giving lawmakers time ...
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31
Debt Ceiling Deadline and the Markets | U.S. Bank
https://www.usbank.com/investing/financial-perspectives/market-news/debt-ceiling-and-the-markets.html
An issue frequently confronting the U.S. Congress is the need to raise the debt limit ceiling, which allows the federal government to ...
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https://www.usbank.com/investing/financial-perspectives/market-news/debt-ceiling-and-the-markets.html
An issue frequently confronting the U.S. Congress is the need to raise the debt limit ceiling, which allows the federal government to ...
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32
A GOP House majority and the debt ceiling may destabilize ...
https://www.grid.news/story/politics/2022/10/19/how-a-republican-house-majority-and-the-debt-ceiling-could-destabilize-the-economy-next-year/
House Minority Leader Kevin McCarthy vowed Republicans would use the debt ceiling, which needs to be raised in 2023, as a bargaining chip to ...
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https://www.grid.news/story/politics/2022/10/19/how-a-republican-house-majority-and-the-debt-ceiling-could-destabilize-the-economy-next-year/
House Minority Leader Kevin McCarthy vowed Republicans would use the debt ceiling, which needs to be raised in 2023, as a bargaining chip to ...
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33
US Debt Ceiling: a Distraction and a Warning - DailyFX
https://www.dailyfx.com/us-dollar-index/us-debt-ceiling-a-distraction-and-a-warning.html
The debt ceiling was raised routinely in 2014, 2015, and 2017, and then in 2018 suspended for 13 months, to be reinstated and raised afterwards ...
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https://www.dailyfx.com/us-dollar-index/us-debt-ceiling-a-distraction-and-a-warning.html
The debt ceiling was raised routinely in 2014, 2015, and 2017, and then in 2018 suspended for 13 months, to be reinstated and raised afterwards ...
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34
GOP Members of Congress Threaten Debt Limit Default To ...
https://www.americanprogress.org/article/gop-members-of-congress-threaten-debt-limit-default-to-cut-social-security-and-medicare/
Increasing the debt limit should be free of political games ... Legislation to increase or suspend the debt ceiling would require both passage by ...
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https://www.americanprogress.org/article/gop-members-of-congress-threaten-debt-limit-default-to-cut-social-security-and-medicare/
Increasing the debt limit should be free of political games ... Legislation to increase or suspend the debt ceiling would require both passage by ...
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35
Should the US increase the debt ceiling? - DebateUS
https://new.debateus.org/should-the-us-increase-the-debt-ceiling/
The debt ceiling is the total cap on the amount of money the US government is permitted to borrow. It's not an annual cap, but an absolute cap.
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https://new.debateus.org/should-the-us-increase-the-debt-ceiling/
The debt ceiling is the total cap on the amount of money the US government is permitted to borrow. It's not an annual cap, but an absolute cap.
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36
Raise the roof! Democrats should go big in raising the debt ...
https://thehill.com/opinion/finance/585087-raise-the-roof-democrats-should-go-big-in-raising-the-debt-ceiling/
A standard move at this point would be raising the debt ceiling by just a few trillion dollars, ensuring that the issue would come up again in ...
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https://thehill.com/opinion/finance/585087-raise-the-roof-democrats-should-go-big-in-raising-the-debt-ceiling/
A standard move at this point would be raising the debt ceiling by just a few trillion dollars, ensuring that the issue would come up again in ...
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37
Not Raising the Debt Ceiling Would Worsen the Fiscal Situation
https://www.urban.org/sites/default/files/publication/26946/1001527-Not-Raising-the-Debt-Ceiling-Would-Worsen-the-Fiscal-Situation.pdf
discusses the urgent need to raise the U.S. debt ceiling. ... whole question about raising the debt limit — whether Congress should allow the government to.
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https://www.urban.org/sites/default/files/publication/26946/1001527-Not-Raising-the-Debt-Ceiling-Would-Worsen-the-Fiscal-Situation.pdf
discusses the urgent need to raise the U.S. debt ceiling. ... whole question about raising the debt limit — whether Congress should allow the government to.
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38
Bipartisan duo offers way out of debt limit stalemate - Roll Call
https://www.rollcall.com/2021/12/03/bipartisan-duo-offers-way-out-of-debt-limit-stalemate/
Congress raised the debt ceiling by $480 billion in October, bringing the total limit to $28.9 trillion. That measure was designed to last until ...
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https://www.rollcall.com/2021/12/03/bipartisan-duo-offers-way-out-of-debt-limit-stalemate/
Congress raised the debt ceiling by $480 billion in October, bringing the total limit to $28.9 trillion. That measure was designed to last until ...
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39
Opinion: The debt ceiling needs to be raised as quickly as ...
https://foxchattanooga.com/news/bottom-line/opinion-the-debt-ceiling-needs-to-be-raised-as-quickly-as-possible
Government spending is absolutely an issue that needs to be addressed. However, choosing to not raise the debt limit and thus defaulting is not ...
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https://foxchattanooga.com/news/bottom-line/opinion-the-debt-ceiling-needs-to-be-raised-as-quickly-as-possible
Government spending is absolutely an issue that needs to be addressed. However, choosing to not raise the debt limit and thus defaulting is not ...
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40
Here's What You Need to Know About the Debt Ceiling
https://psmag.com/economics/debt-ceiling-explained
Aug 9, 2017 —
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https://psmag.com/economics/debt-ceiling-explained
Aug 9, 2017 —
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41
Mitch McConnell says 'America must never default' as he ...
https://www.businessinsider.com/mcconnell-us-must-never-default-gop-biden-debt-ceiling-2021-9
He went on: "The debt ceiling needs to be raised. The issue is who should do it. And under these uniquely unprecedented circumstances, it's ...
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https://www.businessinsider.com/mcconnell-us-must-never-default-gop-biden-debt-ceiling-2021-9
He went on: "The debt ceiling needs to be raised. The issue is who should do it. And under these uniquely unprecedented circumstances, it's ...
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42
Democrats weigh end run around Republicans to raise debt limit
https://www.marketwatch.com/story/as-congress-returns-democrats-weigh-end-run-around-republicans-to-raise-debt-limit-11668451964
GOP has suggested using debt ceiling to force spending cuts ... just one victory shy of the 218 seats the party needs to secure a majority, ...
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https://www.marketwatch.com/story/as-congress-returns-democrats-weigh-end-run-around-republicans-to-raise-debt-limit-11668451964
GOP has suggested using debt ceiling to force spending cuts ... just one victory shy of the 218 seats the party needs to secure a majority, ...
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43
The nation's debt limit serves no purpose. It should be ...
https://www.penncapital-star.com/commentary/the-nations-debt-limit-serves-no-purpose-it-should-be-eliminated-bruce-ledewitz/
As explained in a House Budget report in February, the debt limit is a federal statute that places a ceiling on the amount of government ...
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https://www.penncapital-star.com/commentary/the-nations-debt-limit-serves-no-purpose-it-should-be-eliminated-bruce-ledewitz/
As explained in a House Budget report in February, the debt limit is a federal statute that places a ceiling on the amount of government ...
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44
US Debt Ceiling: What's Behind the Latest Crisis in Washington?
https://www.voanews.com/a/us-debt-ceiling-what-s-behind-the-latest-crisis-in-washington-/6262333.html
Democrats are objecting to Republican demands, arguing that the need to raise the debt limit stems from spending commitments made in the ...
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https://www.voanews.com/a/us-debt-ceiling-what-s-behind-the-latest-crisis-in-washington-/6262333.html
Democrats are objecting to Republican demands, arguing that the need to raise the debt limit stems from spending commitments made in the ...
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45
Why Democrats can't raise the debt ceiling without ... - Fortune
https://fortune.com/2021/10/06/democrats-raise-debt-ceiling-mitch-mcconnell/
› 2021/10/06 › democrats-raise-deb...
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https://fortune.com/2021/10/06/democrats-raise-debt-ceiling-mitch-mcconnell/
› 2021/10/06 › democrats-raise-deb...
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46
What Happens if Congress Fails to Raise or Suspend the Debt ...
https://www.clearygottlieb.com/news-and-insights/publication-listing/what-happens-if-congress-fails-to-raise-or-suspend-the-debt-ceiling
The debt ceiling is the statutory limit on the total amount of allowable outstanding U.S. federal debt. The United States hit the current debt ...
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https://www.clearygottlieb.com/news-and-insights/publication-listing/what-happens-if-congress-fails-to-raise-or-suspend-the-debt-ceiling
The debt ceiling is the statutory limit on the total amount of allowable outstanding U.S. federal debt. The United States hit the current debt ...
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47
Democrats announce deal with GOP to extend debt ceiling
https://www.usatoday.com/story/news/politics/2021/10/07/democrats-announce-deal-gop-extend-debt-ceiling/6027776001/
Senate passes deal to raise debt ceiling into December, ... The House, which is out of session next week, still needs to pass the measure ...
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https://www.usatoday.com/story/news/politics/2021/10/07/democrats-announce-deal-gop-extend-debt-ceiling/6027776001/
Senate passes deal to raise debt ceiling into December, ... The House, which is out of session next week, still needs to pass the measure ...
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48
House Poised to Temporarily Raise Debt Ceiling, Avert Default
https://www.usnews.com/news/politics/articles/2021-10-12/house-poised-to-temporarily-raise-debt-ceiling-avert-default
President Joe Biden plans to sign the debt ceiling measure once it clears the House, but it's a short-term remedy that Congress will need to ...
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https://www.usnews.com/news/politics/articles/2021-10-12/house-poised-to-temporarily-raise-debt-ceiling-avert-default
President Joe Biden plans to sign the debt ceiling measure once it clears the House, but it's a short-term remedy that Congress will need to ...
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49
Does the debt limit increase have nothing to do with new ...
https://www.statesman.com/story/news/politics/2021/10/15/fact-check-does-biden-raising-debt-limit-increase-spending/8454078002/
Biden had a point about the most direct causes of the need to raise the debt ceiling; in fact, Republicans who said the immediate debt ...
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https://www.statesman.com/story/news/politics/2021/10/15/fact-check-does-biden-raising-debt-limit-increase-spending/8454078002/
Biden had a point about the most direct causes of the need to raise the debt ceiling; in fact, Republicans who said the immediate debt ...
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50
Debt Ceiling: 5 Devastating Consequences If Congress ...
https://www.bankrate.com/banking/federal-reserve/what-debt-ceiling-means-for-your-wallet/
If the debt limit isn't raised and the U.S. defaults, Yellen has said there could be “catastrophic economic consequences,” with borrowing rates ...
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https://www.bankrate.com/banking/federal-reserve/what-debt-ceiling-means-for-your-wallet/
If the debt limit isn't raised and the U.S. defaults, Yellen has said there could be “catastrophic economic consequences,” with borrowing rates ...
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51
Debt ceiling increase doesn't give U.S. government ... - PolitiFact
https://www.politifact.com/factchecks/2021/oct/27/ashley-hinson/debt-ceiling-increase-doesnt-give-us-government-bl/
Raising the debt ceiling is an indication to countries and individuals the U.S. has borrowed from that the government intends to pay its debts ...
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https://www.politifact.com/factchecks/2021/oct/27/ashley-hinson/debt-ceiling-increase-doesnt-give-us-government-bl/
Raising the debt ceiling is an indication to countries and individuals the U.S. has borrowed from that the government intends to pay its debts ...
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52
The debt ceiling: What is it and why do I care?
https://www.kristv.com/news/the-debt-ceiling-what-is-it-and-why-do-i-care
The debt ceiling is the amount of money the government can borrow to pay its bills. Right now, the most debt the country can incur is $28.4 ...
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https://www.kristv.com/news/the-debt-ceiling-what-is-it-and-why-do-i-care
The debt ceiling is the amount of money the government can borrow to pay its bills. Right now, the most debt the country can incur is $28.4 ...
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53
US Debt Ceiling and Its Current Status - The Balance
https://www.thebalancemoney.com/u-s-debt-ceiling-why-it-matters-past-crises-3305868
Each time Congress passes a budget that exceeds the debt limit, the debt ceiling is automatically increased.3 However, the Senate or the ...
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https://www.thebalancemoney.com/u-s-debt-ceiling-why-it-matters-past-crises-3305868
Each time Congress passes a budget that exceeds the debt limit, the debt ceiling is automatically increased.3 However, the Senate or the ...
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54
Answering The Top Debt Ceiling Questions
https://www.fa-mag.com/news/answering-the-top-debt-ceiling-questions-64351.html?section=
As shown in Figure 1, Congress has regularly raised the debt ceiling as needed. In fact, every president since Herbert Hoover has seen the debt ...
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https://www.fa-mag.com/news/answering-the-top-debt-ceiling-questions-64351.html?section=
As shown in Figure 1, Congress has regularly raised the debt ceiling as needed. In fact, every president since Herbert Hoover has seen the debt ...
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55
What to know about the debt ceiling and government shutdowns
https://www.itsuptous.org/blog/what-know-about-debt-ceiling-and-government-shutdowns
Congress needs to raise the debt ceiling because government spending is projected to exceed revenue this year and without an increase, a default could be ...
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https://www.itsuptous.org/blog/what-know-about-debt-ceiling-and-government-shutdowns
Congress needs to raise the debt ceiling because government spending is projected to exceed revenue this year and without an increase, a default could be ...
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56
Federal Debt and the Statutory Limit, July 2021
https://www.cbo.gov/publication/57371
P.L. 116-37 specifies that the amount of borrowing that occurs during the suspension of the debt limit will be added to the previous ceiling of ...
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https://www.cbo.gov/publication/57371
P.L. 116-37 specifies that the amount of borrowing that occurs during the suspension of the debt limit will be added to the previous ceiling of ...
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57
How to Improve the Debt Ceiling to Fit a Partisan Government
https://www.jstor.org/stable/10.2979/indjglolegstu.25.2.0775
Should Do (or Not Do) If Congress Fails to Raise the Debt Ceiling ... situations when the debt limit needed to be raised.43 President Obama.
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https://www.jstor.org/stable/10.2979/indjglolegstu.25.2.0775
Should Do (or Not Do) If Congress Fails to Raise the Debt Ceiling ... situations when the debt limit needed to be raised.43 President Obama.
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58
Should the U.S. debt ceiling be raised? | The American Legion
https://www.legion.org/news/157277/should-us-debt-ceiling-be-raised
No. Raising the debt ceiling will only prolong the need for reduced government spending. Yes. But only with a mandate to cut discretionary government programs ...
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https://www.legion.org/news/157277/should-us-debt-ceiling-be-raised
No. Raising the debt ceiling will only prolong the need for reduced government spending. Yes. But only with a mandate to cut discretionary government programs ...
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59
Debt Limit Q&A - FactCheck.org
https://www.factcheck.org/2021/09/debt-limit-qa/
“They are increasing the debt ceiling to make room for a $5.5 trillion Democratic Party wish list."
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https://www.factcheck.org/2021/09/debt-limit-qa/
“They are increasing the debt ceiling to make room for a $5.5 trillion Democratic Party wish list."
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60
Schumer warns Congress must pass a debt ceiling increase ...
https://www.nbcnews.com/politics/congress/schumer-warns-congress-must-pass-debt-ceiling-increase-end-week-n1280716
Senate Majority Leader Chuck Schumer warned Monday that Congress must pass legislation raising the debt ceiling by the end of the week to ...
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https://www.nbcnews.com/politics/congress/schumer-warns-congress-must-pass-debt-ceiling-increase-end-week-n1280716
Senate Majority Leader Chuck Schumer warned Monday that Congress must pass legislation raising the debt ceiling by the end of the week to ...
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61
Why the US should get rid of its debt ceiling - Quartz
https://qz.com/2066624/why-the-us-should-get-rid-of-its-debt-ceiling/
The debt ceiling was formulated in 1917 to give Congress a say on US debt. Now it's mainly a political weapon. There are better ways for the ...
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https://qz.com/2066624/why-the-us-should-get-rid-of-its-debt-ceiling/
The debt ceiling was formulated in 1917 to give Congress a say on US debt. Now it's mainly a political weapon. There are better ways for the ...
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62
CHEAT SHEET: What to know about debt ceiling and its ...
https://www.elonnewsnetwork.com/article/2021/10/debt-ceiling-impacts-u-s-federal-government-cheat-sheet
In early October, the U.S. Senate passed legislation to raise the debt ceiling through early December. The legislation will temporarily ...
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https://www.elonnewsnetwork.com/article/2021/10/debt-ceiling-impacts-u-s-federal-government-cheat-sheet
In early October, the U.S. Senate passed legislation to raise the debt ceiling through early December. The legislation will temporarily ...
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63
Senate votes 50-48 to raise debt ceiling
https://www.arkansasonline.com/news/2021/oct/08/senate-votes-50-48-to-raise-debt-ceiling/
The vote of 50-48 in support of the bill to raise the government's debt ceiling by nearly a half-trillion dollars brought instant relief in ...
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https://www.arkansasonline.com/news/2021/oct/08/senate-votes-50-48-to-raise-debt-ceiling/
The vote of 50-48 in support of the bill to raise the government's debt ceiling by nearly a half-trillion dollars brought instant relief in ...
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64
What Happens If the GOP Refuses to Raise the Debt Ceiling?
https://www.theatlantic.com/business/archive/2010/11/what-happens-if-the-gop-refuses-to-raise-the-debt-ceiling/66154/
As government spending continues to outpace government revenue by more than a trillion dollars a year, the federal debt ceiling, legal limit ...
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https://www.theatlantic.com/business/archive/2010/11/what-happens-if-the-gop-refuses-to-raise-the-debt-ceiling/66154/
As government spending continues to outpace government revenue by more than a trillion dollars a year, the federal debt ceiling, legal limit ...
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65
What Does the Debt Ceiling Refer To? - Sound Dollar
https://www.sounddollar.com/debt-ceiling
A failure to raise the debt ceiling, sending the federal government into default, could lead to a recession, higher interest rates, a decline in ...
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https://www.sounddollar.com/debt-ceiling
A failure to raise the debt ceiling, sending the federal government into default, could lead to a recession, higher interest rates, a decline in ...
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66
Republicans' Debt Ceiling Brinkmanship Is Self-Incriminating
https://slate.com/news-and-politics/2021/09/debt-ceiling-showdown-republicans-vote-self-incriminating.html
“America must never default. The debt ceiling will need to be raised,” he affirmed last week at a press conference. “Don't play Russian roulette ...
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https://slate.com/news-and-politics/2021/09/debt-ceiling-showdown-republicans-vote-self-incriminating.html
“America must never default. The debt ceiling will need to be raised,” he affirmed last week at a press conference. “Don't play Russian roulette ...
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67
What would happen if the U.S. doesn't raise the debt ceiling?
https://www.wpxi.com/news/trending/what-would-happen-if-us-doesnt-raise-debt-ceiling/CITOB3PFNNAWXMJ6IUYK7A3EJI/
The debt limit today stands at $28.4 trillion. When was the last time it was increased? A budget measure passed in 2019 suspended the debt limit ...
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https://www.wpxi.com/news/trending/what-would-happen-if-us-doesnt-raise-debt-ceiling/CITOB3PFNNAWXMJ6IUYK7A3EJI/
The debt limit today stands at $28.4 trillion. When was the last time it was increased? A budget measure passed in 2019 suspended the debt limit ...
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68
The debt ceiling crisis may need a truly ridiculous solution
https://www.msnbc.com/opinion/debt-ceiling-crisis-may-need-truly-ridiculous-solution-n1280532
› opinion › debt-ceiling-crisis-...
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https://www.msnbc.com/opinion/debt-ceiling-crisis-may-need-truly-ridiculous-solution-n1280532
› opinion › debt-ceiling-crisis-...
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69
How Worried Should We Be if the Debt Ceiling Isn't Lifted?
https://www.hamiltonproject.org/blog/how_worried_should_we_be_if_the_debt_ceiling_isnt_lifted
The debt limit caps the total amount of allowable outstanding U.S. federal debt. The U.S. hit that limit on August 1, 2021, ...
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https://www.hamiltonproject.org/blog/how_worried_should_we_be_if_the_debt_ceiling_isnt_lifted
The debt limit caps the total amount of allowable outstanding U.S. federal debt. The U.S. hit that limit on August 1, 2021, ...
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70
Eliminate the debt ceiling: It doesn't help balance the budget ...
https://www.baltimoresun.com/opinion/editorial/bs-ed-1010-debt-limit-20211007-b5nxkx2hpfh7lkjnd7hbdbnjmq-story.html
Requiring congressional approval of borrowing started around World War I, and the debt ceiling has been raised 100 times — almost always ...
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https://www.baltimoresun.com/opinion/editorial/bs-ed-1010-debt-limit-20211007-b5nxkx2hpfh7lkjnd7hbdbnjmq-story.html
Requiring congressional approval of borrowing started around World War I, and the debt ceiling has been raised 100 times — almost always ...
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71
The 2016 field and the debt ceiling - CBS News
https://www.cbsnews.com/news/2016-and-the-debt-ceiling/
"If you raise the debt ceiling by a dollar, you should cut spending by a dollar," the establishment Republican said in 2013. "That is the way to ...
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https://www.cbsnews.com/news/2016-and-the-debt-ceiling/
"If you raise the debt ceiling by a dollar, you should cut spending by a dollar," the establishment Republican said in 2013. "That is the way to ...
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72
Column: With the debt ceiling fight, Congress and Trump are ...
https://www.latimes.com/business/story/2019-07-16/debt-ceiling-fight
Pelosi isn't asking enough. She should demand abolition of the debt ceiling as the price of lifting it now. Almost every deal to raise the debt ...
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https://www.latimes.com/business/story/2019-07-16/debt-ceiling-fight
Pelosi isn't asking enough. She should demand abolition of the debt ceiling as the price of lifting it now. Almost every deal to raise the debt ...
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73
President Biden Delivers Remarks on the Need to ... - YouTube
https://www.youtube.com/watch?v=4Mmw5B4e8MI
The White House
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https://www.youtube.com/watch?v=4Mmw5B4e8MI
The White House
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74
Debt Ceiling Update: What's at Stake
https://www.pgpf.org/analysis/2021/12/debt-ceiling-update-whats-at-stake
No — raising the debt limit does not authorize new spending. Rather, raising the debt limit simply enables the Treasury Department to fund ...
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https://www.pgpf.org/analysis/2021/12/debt-ceiling-update-whats-at-stake
No — raising the debt limit does not authorize new spending. Rather, raising the debt limit simply enables the Treasury Department to fund ...
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75
Debt Ceiling Needs to be Raised - Fox Business Video
https://video.foxbusiness.com/v/1400059078001/debt-ceiling-needs-to-be-raised
Jan. 18, 2012 - 2:29 - Peter Yastrow of Yastrow Origer on the future of the U.S. debt rating. ... powered by. For video troubleshooting and help click here.
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https://video.foxbusiness.com/v/1400059078001/debt-ceiling-needs-to-be-raised
Jan. 18, 2012 - 2:29 - Peter Yastrow of Yastrow Origer on the future of the U.S. debt rating. ... powered by. For video troubleshooting and help click here.
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76
In-Depth: What is the debt ceiling and why you should care
https://www.abcactionnews.com/news/national/in-depth-what-is-the-debt-ceiling-and-why-you-should-care
However, Treasury Secretary Janet Yellen said the department will “exhaust its extraordinary measures” if Congress has not acted to raise or ...
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https://www.abcactionnews.com/news/national/in-depth-what-is-the-debt-ceiling-and-why-you-should-care
However, Treasury Secretary Janet Yellen said the department will “exhaust its extraordinary measures” if Congress has not acted to raise or ...
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77
EXPLAINER: Why the debt limit is again roiling Washington
https://apnews.com/article/debt-limit-explained-8c9cbcd3d0c4a8fe989a0110f5159f7c
The cap is now $28.4 trillion. During the Trump administration, the debt limit was suspended three times. The last suspension — passed on a ...
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https://apnews.com/article/debt-limit-explained-8c9cbcd3d0c4a8fe989a0110f5159f7c
The cap is now $28.4 trillion. During the Trump administration, the debt limit was suspended three times. The last suspension — passed on a ...
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78
The Federal Government's Debt Ceiling Needs More Teeth
https://www.northwood.edu/afeu/when-free-to-choose/the-federal-governments-debt-ceiling-needs-more-teeth
Merely raising the debt limit one more time will not solve America's fiscal crisis. Congress has repeatedly demonstrated that it does not ...
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https://www.northwood.edu/afeu/when-free-to-choose/the-federal-governments-debt-ceiling-needs-more-teeth
Merely raising the debt limit one more time will not solve America's fiscal crisis. Congress has repeatedly demonstrated that it does not ...
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79
Democrats Want an Overhaul of the Debt Ceiling to Avoid ...
https://www.govexec.com/management/2022/02/debt-ceiling-overhaul-democrats/362074/
Lawmakers should not even flirt with the unprecedented disruptions for federal agencies that would take place under a debt default, ...
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https://www.govexec.com/management/2022/02/debt-ceiling-overhaul-democrats/362074/
Lawmakers should not even flirt with the unprecedented disruptions for federal agencies that would take place under a debt default, ...
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80
What does it mean for the Senate to raise the debt ceiling in ...
https://en.as.com/en/2021/12/15/latest_news/1639525859_138148.html
On Tuesday the Senate approved legislation raising the federal government's debt limit by $2.5 trillion, taking the total figure to $31.4 ...
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https://en.as.com/en/2021/12/15/latest_news/1639525859_138148.html
On Tuesday the Senate approved legislation raising the federal government's debt limit by $2.5 trillion, taking the total figure to $31.4 ...
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81
VERIFY: What is the debt limit? Answering the biggest questions
https://www.wusa9.com/article/news/verify/verify-what-is-the-debt-limit-answering-biggest-questions-congress-schumer-manchin-mcconell-pelosi-shutdown-capitol/65-9e94a079-ace1-4bfe-8c4b-0d292a89785f
No. According to our experts, the debt ceiling needs to be raised or suspended because of past spending and reductions in revenue. "The reason ...
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https://www.wusa9.com/article/news/verify/verify-what-is-the-debt-limit-answering-biggest-questions-congress-schumer-manchin-mcconell-pelosi-shutdown-capitol/65-9e94a079-ace1-4bfe-8c4b-0d292a89785f
No. According to our experts, the debt ceiling needs to be raised or suspended because of past spending and reductions in revenue. "The reason ...
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82
Raising the US National Debt Ceiling - Crisis Definition & History
https://www.moneycrashers.com/raising-national-federal-debt-ceiling-definition/
In early April 2011, Treasury Secretary Timothy Geithner notified Congress that a new debt ceiling would be necessary by early August when the “borrowing ...
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https://www.moneycrashers.com/raising-national-federal-debt-ceiling-definition/
In early April 2011, Treasury Secretary Timothy Geithner notified Congress that a new debt ceiling would be necessary by early August when the “borrowing ...
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83
The Debt Ceiling Debate Is Back. This Time, It's Different.
https://www.barrons.com/articles/the-debt-ceiling-debate-is-back-this-time-its-different-51637278287
That gives Congress 12 extra days to come up with a deal to raise or suspend the debt ceiling. Yellen has said that if the government defaults ...
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https://www.barrons.com/articles/the-debt-ceiling-debate-is-back-this-time-its-different-51637278287
That gives Congress 12 extra days to come up with a deal to raise or suspend the debt ceiling. Yellen has said that if the government defaults ...
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84
House Debate on Extending Debt Ceiling Until December 3
https://www.c-span.org/video/?515258-3/house-approves-extension-debt-limit-december-3-219-206
› video › house-approves-extensi...
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https://www.c-span.org/video/?515258-3/house-approves-extension-debt-limit-december-3-219-206
› video › house-approves-extensi...
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85
How the Debt Ceiling Not Being Raised Could Affect You
https://www.newsweek.com/debt-ceiling-explained-cost-normal-american-standoff-1636094
› ... › Republicans
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https://www.newsweek.com/debt-ceiling-explained-cost-normal-american-standoff-1636094
› ... › Republicans
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86
The Debt Limit: History and Recent Increases
https://www.everycrsreport.com/reports/RL31967.html
Congress has modified the debt limit 14 times since 2001. Congress raised the limit in June 2002, May 2003, November 2004, March 2006, and September 2007. The ...
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https://www.everycrsreport.com/reports/RL31967.html
Congress has modified the debt limit 14 times since 2001. Congress raised the limit in June 2002, May 2003, November 2004, March 2006, and September 2007. The ...
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87
House passes bill to raise US debt ceiling through early ...
https://www.theguardian.com/us-news/2021/oct/12/house-approves-us-debt-ceiling-limit-increase
House passes bill to raise US debt ceiling through early December · Legislation raises government's borrowing limit to $28.9tn · Hard-fought House ...
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https://www.theguardian.com/us-news/2021/oct/12/house-approves-us-debt-ceiling-limit-increase
House passes bill to raise US debt ceiling through early December · Legislation raises government's borrowing limit to $28.9tn · Hard-fought House ...
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88
Chuck Grassley says Democrats should raise debt ceiling ...
https://www.desmoinesregister.com/story/news/politics/2021/09/29/chuck-grassley-democrats-pass-debt-ceiling-increase-without-gop-spending-plan/5917734001/
U.S. Sen. Chuck Grassley said Wednesday that Democrats should raise the nation's debt ceiling on their own since they are pushing new ...
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https://www.desmoinesregister.com/story/news/politics/2021/09/29/chuck-grassley-democrats-pass-debt-ceiling-increase-without-gop-spending-plan/5917734001/
U.S. Sen. Chuck Grassley said Wednesday that Democrats should raise the nation's debt ceiling on their own since they are pushing new ...
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89
Abolish the debt ceiling before it commits austerity again
https://www.epi.org/blog/abolish-the-debt-ceiling-before-it-commits-austerity-again-the-gop-used-the-debt-ceiling-to-force-spending-cuts-in-2011-it-cant-be-allowed-again/
The BCA was the GOP demand for raising the debt limit in 2011, and the Obama administration acquiesced to it. The leverage provided by the debt ...
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https://www.epi.org/blog/abolish-the-debt-ceiling-before-it-commits-austerity-again-the-gop-used-the-debt-ceiling-to-force-spending-cuts-in-2011-it-cant-be-allowed-again/
The BCA was the GOP demand for raising the debt limit in 2011, and the Obama administration acquiesced to it. The leverage provided by the debt ...
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90
How the Debt Ceiling Connects 1953 and 2021 - Econlife
https://econlife.com/2021/09/raising-the-debt-ceiling-2/
In 1953, the Senate was unhappy with the need to raise the debt ceiling–the amount that the U.S. could borrow. One concern was President ...
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https://econlife.com/2021/09/raising-the-debt-ceiling-2/
In 1953, the Senate was unhappy with the need to raise the debt ceiling–the amount that the U.S. could borrow. One concern was President ...
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91
Q&A: Debt Limit - Senator Chuck Grassley
https://www.grassley.senate.gov/news/news-releases/qanda-debt-limit
With all that new debt, the debt ceiling needs to be raised not just because of previous spending, but to accommodate their reckless tax and ...
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https://www.grassley.senate.gov/news/news-releases/qanda-debt-limit
With all that new debt, the debt ceiling needs to be raised not just because of previous spending, but to accommodate their reckless tax and ...
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92
How to Improve the Debt Ceiling to Fit a Partisan Government
https://www.repository.law.indiana.edu/cgi/viewcontent.cgi?article=1692&context=ijgls
Kelleigh Irwin Fagan, The Best Choice Out of Poor Options: What the Government. Should Do (or Not Do) If Congress Fails to Raise the Debt Ceiling, 46 IND.
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https://www.repository.law.indiana.edu/cgi/viewcontent.cgi?article=1692&context=ijgls
Kelleigh Irwin Fagan, The Best Choice Out of Poor Options: What the Government. Should Do (or Not Do) If Congress Fails to Raise the Debt Ceiling, 46 IND.
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93
The debt ceiling explained - Marketplace
https://www.marketplace.org/2021/09/24/the-debt-ceiling-explained/
The debt ceiling, or debt limit, is simply the amount of money that the government is allowed to borrow, which the government uses to meet ...
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https://www.marketplace.org/2021/09/24/the-debt-ceiling-explained/
The debt ceiling, or debt limit, is simply the amount of money that the government is allowed to borrow, which the government uses to meet ...
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94
Answering the Top Debt Ceiling Questions - LPL Financial
https://www.lpl.com/newsroom/read/weekly-market-commentary-answering-top-debt-ceiling-questions.html
Yes, whenever needed. According to the Department of the Treasury (“Treasury”), since 1960 Congress has raised the debt ceiling in some form ...
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https://www.lpl.com/newsroom/read/weekly-market-commentary-answering-top-debt-ceiling-questions.html
Yes, whenever needed. According to the Department of the Treasury (“Treasury”), since 1960 Congress has raised the debt ceiling in some form ...
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