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1 6 Consequences if the Debt Ceiling Isn't Raised - USNews.com
https://www.usnews.com/news/slideshows/6-consequences-if-the-debt-ceiling-isnt-raised
Here is a look at some of the possible consequences, if the government is no longer able to meet its financial obligations. Next:1. Slashed Government Services.
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2 What happens if Congress doesn't raise the debt ceiling?
https://www.cbsnews.com/news/debt-ceiling-limit-congress-united-states-economy/
If the amount of government debt hits that limit, and doesn't lift the ceiling, the U.S. would be unable to pay what it owes and could default.
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3 What would happen if the U.S. doesn't raise the debt ceiling?
https://www.kiro7.com/news/trending/what-would-happen-if-us-doesnt-raise-debt-ceiling/CITOB3PFNNAWXMJ6IUYK7A3EJI/
Failure to raise the debt ceiling means the government cannot borrow money to pay for government programs. ©2021 Cox Media Group. Read Next.
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4 How worried should we be if the debt ceiling isn't lifted?
https://www.brookings.edu/blog/up-front/2021/09/28/how-worried-should-we-be-if-the-debt-ceiling-isnt-lifted/
However, even if the debt limit were raised quickly so that it only was binding for a few days, there would likely be lasting damage.
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5 Q&A: Everything You Should Know About the Debt Ceiling
https://www.crfb.org/papers/qa-everything-you-should-know-about-debt-ceiling
Failing to raise the debt ceiling would be disastrous. It would result in severe negative consequences that experts are not capable of predicting in advance.
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6 The Debt Ceiling: An Explainer - House Budget Committee
https://budget.house.gov/publications/fact-sheet/debt-ceiling-explainer
Failure to set the debt ceiling at the level necessary to meet borrowing needs could jeopardize the full faith and credit of the United States ...
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7 What Happens when the Debt Ceiling isn't Raised? - Up To Us
https://www.itsuptous.org/blog/what-happens-when-debt-ceiling-isnt-raised
If the debt ceiling is reached and not raised, the U.S. Treasury is unable to issue or auction any more Treasury bills, bonds or notes. Routine ...
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8 What Happens if the Debt Ceiling Isn't Raised?
https://www.advisorperspectives.com/commentaries/2021/10/07/what-happens-if-the-debt-ceiling-isnt-raised
Any missed payments would accrue interest, raising the costs for government functions. Additionally, U.S. debt ratings would likely be ...
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9 Debt Ceiling: 5 Devastating Consequences If Congress ...
https://www.bankrate.com/banking/federal-reserve/what-debt-ceiling-means-for-your-wallet/
The obvious concern with failing to raise the debt ceiling is that the government could default on its debts, meaning it isn't able to make ...
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10 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
If the government couldn't borrow, it would need to impose sharp, massive reductions in spending, which would have devastating economy-wide ...
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11 What would happen if Congress doesn't raise the debt limit?
https://www.latimes.com/politics/story/2021-09-20/what-would-happen-if-congress-didnt-raise-the-federal-debt-limit
What if the debt limit isn't raised? ... Failing to lift the limit would force the federal government to renege on commitments it has already made ...
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12 The Debt Ceiling: An Explainer | CEA - The White House
https://www.whitehouse.gov/cea/written-materials/2021/10/06/the-debt-ceiling-an-explainer/
GDP would fall, unemployment would rise, and everyday households would be affected in a number of ways—from not receiving important social ...
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13 'Financial Armageddon.' What's at stake if the debt limit isn't ...
https://www.cnn.com/2021/09/08/business/debt-ceiling-default-explained
If the debt ceiling is not lifted, then the federal government will technically default on some of its obligations. It would be forced to ...
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14 What Is the Debt Ceiling, and Why Does It Matter?
https://chamberhill.com/what-is-the-debt-ceiling-and-why-does-it-matter/
If the federal government does hit the debt ceiling on July 31, it won't immediately default on its debt. That's because the Treasury Department ...
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15 US to miss payments if debt ceiling isn't raised | verifythis.com
https://www.verifythis.com/article/news/verify/government-verify/debt-limit-ceiling-crisis-federal-government-could-start-missing-payments-social-security-child-credit-military-pay-medicare-tax-refunds-default-loans/536-a58b9996-8697-42cf-8e98-990a655a85ff
Yes, the US will start missing payments, including on Social Security, if it doesn't raise the debt limit ... If the government runs out of cash ...
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16 Debt Limit | U.S. Department of the Treasury
https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit
Failing to increase the debt limit would have catastrophic economic consequences. It would cause the government to default on its legal obligations – an ...
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17 What would happen if the U.S. doesn't raise the debt ceiling?
https://fortune.com/2021/10/05/debt-ceiling-warnings-us-government/
If Congress fails to raise the debt limit in the next two weeks, it could affect everything from Social Security payments to state funds to ...
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18 What Is the Debt Ceiling and Why Does Congress Need to ...
https://www.wsj.com/articles/debt-ceiling-deadline-11627913756
... borrowing limit, which could rattle markets if the issue isn't ... on the clock to again raise or suspend the federal borrowing limit.
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19 US Debt Ceiling and Its Current Status - The Balance
https://www.thebalancemoney.com/u-s-debt-ceiling-why-it-matters-past-crises-3305868
Failing to raise the debt ceiling can cause several things, including an increase in interest rates, a decline in the dollar's value in the long ...
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20 Federal Debt Limit Myths vs. Facts | Bipartisan Policy Center
https://bipartisanpolicy.org/federal-debt-limit-myths-vs-facts/
When the debt limit is reached and Congress does not take action, the Treasury will reach a point when it can no longer pay all of the bills in full and on time ...
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21 Failure to Raise the Debt Ceiling Could Cost $15 Trillion and ...
https://www.yahoo.com/video/failure-raise-debt-ceiling-could-143058925.html
The U.S. could face a financial crisis similar to the one that followed the subprime mortgage meltdown if Congress doesn't lift the debt ...
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22 What Is the U.S. National Debt Ceiling? - Investopedia
https://www.investopedia.com/terms/d/debt-ceiling.asp
Hitting the debt limit and failing to pay interest payments to bondholders would have grave economic consequences. The United States government would be in ...
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23 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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24 Raising The Debt Limit: Impact on Social Security and Medicare
https://www.ncpssm.org/documents/general-archives-2021/raising-the-debt-limit-impact-on-social-security-and-medicare/
If Congress fails to raise or suspend the debt limit and allows the government to default on its legally binding financial obligations, an ...
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25 Here's what the debt limit standoff means for you - CNBC
https://www.cnbc.com/2021/09/28/how-the-debt-ceiling-standoff-could-impact-your-social-security-checks.html
Failing to suspend or increase the debt ceiling could delay Social Security checks and veteran benefits, increase borrowing costs and ...
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26 History of Debt Limit and Why It Matters - BGR Group
https://bgrdc.com/history-of-debt-limit-and-why-it-matters/
If government hits the debt ceiling and exhausts all other options, it can no longer borrow. Since the government runs an annual deficit, it will run out of ...
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27 Republicans Threaten Debt Limit Default to Force Cuts to ...
https://www.jec.senate.gov/public/index.cfm/democrats/issue-briefs?id=CD77FA6A-6AC2-4E81-BDC9-00D606C2BAC4
Defaulting on federal debt would cause an economic catastrophe at a time when families are feeling the pain of global inflation and the economic ...
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28 The US debt ceiling: What it is and how Congress avoided US ...
https://www.cnet.com/personal-finance/the-us-debt-ceiling-what-it-is-and-how-congress-avoided-us-default-in-2021/
› personal-finance › the-us-debt-...
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29 Defaulting On The National Debt Ceiling Would Be ... - Forbes
https://www.forbes.com/sites/rhettbuttle/2021/10/04/defaulting-on-the-national-debt-ceiling-would-be-catastrophic-for-small-businesses/
If the debt ceiling is not raised in the coming weeks, the U.S. will default on its debt for the first time in its history and that will be ...
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30 United States debt ceiling - Wikipedia
https://en.wikipedia.org/wiki/United_States_debt_ceiling
When the debt ceiling is actually reached without an increase in the limit having been enacted, Treasury will need to resort to "extraordinary measures" to ...
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31 US may default before Christmas if debt ceiling isn't raised
https://thehill.com/policy/finance/582083-us-may-default-before-christmas-if-debt-ceiling-isnt-raised-analysis/
The federal government has a 50-50 chance of defaulting on the national debt if lawmakers don't raise or suspend the borrowing limit before ...
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32 The only thing the debt limit is used for is political blackmail
https://www.washingtonpost.com/politics/2022/09/29/congress-republicans-debt-limit/
The debt limit doesn't do what a lot of people assume. It's not a limit on spending but on paying for the spending that's already been approved.
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33 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
› publication-listing › wha...
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34 Biden rules out eliminating the debt ceiling - POLITICO
https://www.politico.com/news/2022/10/21/biden-debt-ceiling-medicare-social-security-00062944
Congress needs to raise the nation's borrowing cap to protect its credit score and prevent the U.S. from defaulting on its debt — a prospect ...
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35 Here's what the debt ceiling is and why Congress is ... - NPR
https://www.npr.org/2021/09/24/1031701538/congress-debt-ceiling-explainer
What happens if Congress does not raise the debt ceiling? If the federal government does hit that limit, the Treasury moves money around for ...
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36 The looming debt-ceiling showdown: What you need to know
https://www.politifact.com/article/2021/sep/22/looming-debt-ceiling-showdown-what-you-need-know/
If the debt ceiling isn't suspended or raised in the next week or two, the United States will struggle to pay bills and meet obligations to ...
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37 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 the ...
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38 What is the debt ceiling? How government default could affect ...
https://abc7chicago.com/us-debt-ceiling-national-what-is-the-social-security/11075115/
If lawmakers on Capitol Hill remain deadlocked on raising the debt ceiling, the government could go into default -- essentially, unable to pay ...
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39 The National Debt Dilemma | Council on Foreign Relations
https://www.cfr.org/backgrounder/national-debt-dilemma
This could result in even larger deficits and increased borrowing, or what is sometimes called a debt spiral. A fiscal crisis of this nature could necessitate ...
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40 US Congress narrowly votes to raise debt limit - BBC News
https://www.bbc.com/news/world-us-canada-59661857
Treasury officials had warned that the economy could slip into a recession if it was not raised by mid-December. The vote comes after a ...
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41 The reason Democrats should increase the debt ceiling ... - Vox
https://www.vox.com/policy-and-politics/2022/10/25/23423216/democrats-debt-ceiling-lame-duck-kevin-mccarthy
Failing to do so would cause the US to default on its debt, triggering a global financial crisis. Recently, House Minority Leader Kevin McCarthy ...
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42 U.S. Congress could be in for bruising debt-ceiling fight after ...
https://www.reuters.com/world/us/us-congress-could-be-bruising-debt-ceiling-fight-after-midterms-2022-10-10/
If Republicans in Congress don't agree to raise or suspend the cap on federal borrowing to cover already committed costs read more , the fallout ...
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43 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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44 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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45 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
“It's basically a parliamentarian rule that raised the debt ceiling when the budget was passed. It essentially raised the debt ceiling as much ...
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46 What happens if Congress doesn't raise the US debt limit?
https://qz.com/2066455/what-happens-if-congress-doesnt-raise-the-us-debt-limit
Now the question comes up every few years. The US has a legal limit on the amount of federal debt it can issue, which Congress has to raise ...
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47 What Is the Debt Ceiling? - Ramsey Solutions
https://www.ramseysolutions.com/taxes/debt-ceiling
If Congress doesn't raise the debt ceiling, then the Treasury Department can only pay its bills when your tax money comes in each year.
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48 What Happens If The U.S. Can't Pay Its Debt? - YouTube
https://www.youtube.com/watch?v=nRoRbGxxBiY
 in this video
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49 EXPLAINER: Why the debt limit is again roiling Washington
https://apnews.com/article/debt-limit-explained-8c9cbcd3d0c4a8fe989a0110f5159f7c
If Congress fails to act, it creates the possibility of a default that could send financial markets crashing and the economy plunging into a ...
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50 Federal Debt and the Statutory Limit, November 2021
https://www.cbo.gov/publication/57653
The Congressional Budget Office projects that, if the debt limit remained unchanged and if the Treasury made that transfer in full, the ...
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51 The debt ceiling explained - Marketplace
https://www.marketplace.org/2021/09/24/the-debt-ceiling-explained/
If Congress fails to raise or suspend the debt limit, it could mean a failure to pay Social Security and federal salaries.
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52 Debt ceiling debate flirts with national economic disaster
https://news.northeastern.edu/2021/11/29/debt-ceiling-debate-national-economic-disaster/
If there's a serious possibility of this becoming a permanent problem, another thing that could happen is the government would stop paying ...
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53 Congress Shouldn't Raise the 'Debt Limit'—It Should Repeal It
https://www.americanprogress.org/article/congress-shouldnt-raise-the-debt-limit-it-should-repeal-it/
“I guess if I were appointed to the Appropriations Committee, I could explain it.” He was not the first member of Congress to figure out that ...
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54 Biden Can Raise the Debt Ceiling Without Congress
https://washingtonmonthly.com/2022/11/22/biden-can-raise-the-debt-ceiling-without-congress/
There's a case to be made that if Congress decides to default on the debt, the president has the power and the obligation to pay it without ...
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55 'A huge crisis that we've never experienced before'
https://hls.harvard.edu/today/a-huge-crisis-that-weve-never-experienced-before/
Can you explain what the debt ceiling is, how it started, and why it matters? · The debt ceiling exists because Congress has the authority not ...
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56 What Is the Debt Ceiling, and What Happens If Congress ...
https://www.bloomberg.com/news/articles/2021-09-13/why-u-s-is-having-yet-another-debt-ceiling-debate-quicktake
But it morphed into an explosive political tool with the potential to roil financial markets, since a failure to raise the debt ceiling could ...
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57 Congress is at an impasse on the debt limit. Here are 5 ways it ...
https://www.nbcnews.com/politics/congress/congress-impasse-debt-limit-here-are-5-ways-could-end-n1280806
Republicans say Democrats should instead use a complicated budget process to raise the debt limit and enable the U.S. to pay its bills, ...
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58 Debt Ceiling Update: What's at Stake
https://www.pgpf.org/analysis/2021/12/debt-ceiling-update-whats-at-stake
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe ...
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59 Former Treasury Secretary Jack Lew on why the debt ceiling ...
https://journalistsresource.org/economics/debt-ceiling-jack-lew/
Congress controls the amount the federal government can borrow. If lawmakers don't adjust the debt ceiling, the nation won't be able to pay its ...
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60 How to defuse the debt ceiling for generations to come | PIIE
https://www.piie.com/blogs/realtime-economic-issues-watch/how-defuse-debt-ceiling-generations-come
If Congress someday fails to raise the debt ceiling in a timely manner, the US Treasury will be forced to default, and the federal ...
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61 US debt ceiling drama piles on yet more unwanted pressure
https://think.ing.com/articles/us-debt-ceiling-adding-to-the-strains/
If the ceiling hasn't been raised (or suspended again) by that point we will either need to see draconian cuts to government spending – the ...
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62 What Happens if the Debt Ceiling Is Not Raised - Market Realist
https://marketrealist.com/p/what-happens-if-the-debt-ceiling-is-not-raised/
What Happens if the Debt Ceiling Isn't Raised? ... Congress is facing a financial catastrophe, with no clear solution in sight. The debt ceiling ...
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63 US Debt Limit Struggle Raises Specter of Catastrophic Default
https://www.voanews.com/a/us-debt-limit-struggle-raises-specter-of-catastrophic-default/6233421.html
Since 1917, when it was created, the debt limit has been raised many times. According to the Treasury Department, since 1960, Congress has acted ...
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64 Treasury Secretary Yellen warns debt ceiling battle could spell ...
https://abcnews.go.com/Politics/treasury-secretary-yellen-warns-debt-ceiling-battle-spell/story?id=80498311
She said if the debt ceiling is not raised in December "this would be a self-manufactured crisis that affects our recovery coming out of the ...
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65 Entitlement, Spending Cap Plans Linked by GOP to Debt-Limit ...
https://about.bgov.com/news/entitlement-spending-cap-plans-linked-by-gop-to-debt-limit-deal/
If Congress doesn't raise or suspend the debt limit by the deadline, the federal government would default on payments officials had already ...
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66 More Concern about Raising Debt Limit than Government ...
https://www.pewresearch.org/politics/2011/05/24/more-concern-about-raising-debt-limit-than-government-default/
37% margin. The balance of opinion is similar among those who do not feel they understand what would happen if the government does not raise the ...
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67 What is the US debt ceiling and how has it changed over time?
https://usafacts.org/articles/whats-the-history-of-debt-ceiling-increases-in-the-us/
When spending exceeds the amount of revenue coming in, the government borrows to pay its bills. As a result, the debt limit only relates to ...
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68 The Not-So-Happy Anniversary of the Debt-Ceiling Crisis
https://www.theatlantic.com/politics/archive/2012/07/the-not-so-happy-anniversary-of-the-debt-ceiling-crisis/260458/
By itself, raising the debt ceiling does not increase federal spending. It merely authorizes the Treasury Department to float new government ...
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69 The Next Debt Ceiling Crisis Will Be the Democrats' Fault
https://newrepublic.com/article/168185/debt-ceiling-crisis-2022-midterms
The Constitution does not require the United States to have a debt ceiling. (Denmark is the only other Western democracy that has one.) There ...
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70 Why America has a debt ceiling: five questions answered
https://www.virginiamercury.com/2021/09/23/why-america-has-a-debt-ceiling-five-questions-answered/
4. What happens when the US hits the ceiling? ... The U.S. government generally spends more than it takes in – $3.1 trillion more in fiscal 2020.
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71 Debt Ceiling Deadline and the Markets | U.S. Bank
https://www.usbank.com/investing/financial-perspectives/market-news/debt-ceiling-and-the-markets.html
This raised the risk of the U.S. defaulting on its debt, as even interest payments on existing debt could not be made. Yellen, in her commentary ...
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72 What is America's debt ceiling? | The Economist
https://www.economist.com/the-economist-explains/2021/09/21/what-is-americas-debt-ceiling
And what would happen if Congress failed to raise it? ... dysfunctionally polarised politics and a legal quirk known as the debt ceiling.
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73 Congress raising the debt ceiling is suddenly a problem for ...
https://www.msnbc.com/opinion/congress-raising-debt-ceiling-suddenly-problem-republicans-n1278724
So, what's the big deal if the ceiling isn't raised? Well, this is an extreme oversimplification, but if you're not able to get the funds ...
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74 What Really Happens If the Federal Government Hits the Debt ...
https://www.americanactionforum.org/insight/what-really-happens-if-the-federal-government-hits-the-debt-limit/
Failure to increase or suspend the debt limit would require the federal government to reduce financial activities to the amount of cash inflow ...
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75 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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76 If the US defaults on debt, expect the dollar to fall
https://theconversation.com/if-the-us-defaults-on-debt-expect-the-dollar-to-fall-and-with-it-americans-standard-of-living-169079
What happens if the U.S. defaults? ... If Congress doesn't suspend or raise the debt ceiling, the government would not be able to borrow ...
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77 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/
Can cause real damage if it's not lifted in the next couple of weeks. It would only take a couple of months of missing federal payments due to ...
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78 The Debt Ceiling Is Dangerous. Here's Why It Probably Isn't ...
https://fivethirtyeight.com/features/the-debt-ceiling-is-dangerous-but-its-probably-not-going-away-anytime-soon/
Failing to raise the debt limit would result in a default on U.S. debt, which could cripple the economy and cause terrible repercussions for ...
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79 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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80 Social security checks could be impacted if limit isn't raised
https://www.thv11.com/article/news/verify/yes-social-security-checks-impacted-debt-limit-isnt-raised-extended/91-8fa5d52c-e4a4-4b1d-adc4-ce1570d28b61
Congress has less than two weeks to raise or extend the debt limit or else the country won't have the funds to pay their bills. ... LITTLE ROCK, ...
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81 Democrats Want an Overhaul of the Debt Ceiling to Avoid ...
https://www.govexec.com/management/2022/02/debt-ceiling-overhaul-democrats/362074/
› management › 2022/02 › d...
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82 What happens if Congress fails to raise the debt ceiling?
https://www.foxbusiness.com/economy/what-happens-congress-debt-ceiling
The economic implications of a debt default would likely be severe, experts say: Interest rates would likely spike, and demand for Treasurys ...
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83 Will Social Security Claims and Benefits Be Affected by the ...
https://www.disabilitysecrets.com/resources/will-social-security-claims-and-benefits-be-affected-by-the-government-shutdown-or-debt-ceiling-crisis.html
Even if the debt ceiling is not raised, funds from individuals' payroll taxes should continue to go into the Trust Fund and be used to pay out benefits. Social ...
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84 What If? The Government Shuts Down and/or We Hit the Debt ...
https://www.conference-board.org/blog/global-economy/US-government-shut-down-debt-ceiling
If Congress does not resolve the debt ceiling issue, then businesses should expect default. This would constitute a major hit to real GDP growth ...
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85 The Debt Limit: History and Recent Increases
https://www.everycrsreport.com/reports/RL31967.html
The debt ceiling was raised to accommodate accumulating costs for World War II in each year from 1941 until 1945, when it was set at $300 billion. After World ...
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86 The Debt Limit - FAS Project on Government Secrecy
https://sgp.fas.org/crs/misc/IF10292.pdf
117-73) that increased the debt limit by $2.5 trillion, to $31.385 trillion. If action is not taken to prevent a binding debt limit as federal debt approaches ...
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87 What happens if the U.S. defaults on its debt? - MarketWatch
https://www.marketwatch.com/story/what-happens-if-the-u-s-defaults-on-its-debt-11632761091
The debt ceiling, which is the amount of money lawmakers authorize the Treasury Department to borrow to pay for spending already authorized, ...
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88 The US standoff on the debt limit: an unnecessary political game
https://economics.rabobank.com/publications/2021/september/the-us-standoff-on-the-debt-limit-an-unnecessary-political-game/
If the spending and debt bill does not pass the Senate, ... If the debt limit is not raised before this occurs, the federal government will ...
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89 What happens if debt ceiling is not raised? - MPR News
https://www.mprnews.org/story/2013/10/09/what-happens-if-the-debt-ceiling-is-not-raised
If the debt ceiling isn't raised, the real trouble will start a few days later. Between Oct. 22 and Nov. 1, Bell said, "the Treasury will run ...
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90 What Happens when the Debt Ceiling isn't Raised? - Up to Us
https://uptous.medium.com/what-happens-when-the-debt-ceiling-isnt-raised-42b5630a05c6
If the debt ceiling is reached and not raised, the U.S. Treasury is unable to issue or auction any more Treasury bills, bonds or notes. Routine ...
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91 A Familiar Landmine: The Looming Debt Ceiling
https://gai.georgetown.edu/a-familiar-landmine-the-looming-debt-ceiling/
(Some old debt prior to 1917 is excluded, hence the “almost all” qualifier.) Notably, raising the debt limit does not incur additional spending— ...
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92 Majority of Americans Say Congress Shouldn't Raise the Debt ...
https://morningconsult.com/2017/06/22/majority-americans-say-congress-shouldnt-raise-debt-ceiling/
“If they're going to put on the table a massive tax cut for the very wealthy ... Raising the debt ceiling does not authorize new spending, ...
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93 Here's What Will Happen If We Don't Raise The Debt Ceiling
https://www.businessinsider.com/what-will-happen-if-we-dont-raise-debt-ceiling-2013-1
To not raise the debt ceiling is to say that it is totally okay to stiff people and companies we owe money to--and, more importantly, to ...
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94 Staring Down the Debt Limit | Econofact
https://econofact.org/staring-down-the-debt-limit
What would happen if the debt ceiling were not raised? If government debt reaches its statutory limit, the Treasury Department can typically ...
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95 RAMPELL: The debt-ceiling time bomb is ticking faster than ...
https://www.whig.com/zz_styling/columns/rampell-the-debt-ceiling-time-bomb-is-ticking-faster-than-congress-realizes/article_e0104fee-6d06-11ed-bc52-bbeec3f84688.html
Unfortunately, the debt ceiling does not also automatically adjust to ... about whether Democrats wanted to raise the debt limit before the ...
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