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1 Q&A: Everything You Should Know About the Debt Ceiling
https://www.crfb.org/papers/qa-everything-you-should-know-about-debt-ceiling
The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last until at least July of 2023.
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2 Debt Ceiling Risk Looms For Markets In 2023 - Forbes
https://www.forbes.com/sites/simonmoore/2022/11/17/debt-ceiling-crash-risk-increases-for-financial-markets-into-2023/
Hitting the debt ceiling first hinders, and then ultimately blocks, the U.S. government's ability to pay interest and raise new debt. If the ...
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3 Debt Ceiling Deadline and the Markets | U.S. Bank
https://www.usbank.com/investing/financial-perspectives/market-news/debt-ceiling-and-the-markets.html
Key takeaways. The U.S. government's authorization to borrow money is set to expire in mid-2023. Although some efforts are being made to ...
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4 An Investor's Guide to the Looming Debt-Ceiling Fight
https://www.washingtonpost.com/business/an-investors-guide-to-the-looming-debt-ceiling-fight/2022/10/27/843fed46-55eb-11ed-ac8b-08bbfab1c5a5_story.html
The worst outcomes are a loss for fiscal conservatives, blunting their future power, or a dysfunctional agreement that only further complicates ...
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5 The Debt Ceiling: An Explainer | CEA - The White House
https://www.whitehouse.gov/cea/written-materials/2021/10/06/the-debt-ceiling-an-explainer/
The debt limit is a ceiling imposed by Congress on the amount of debt that the U.S. Federal government can have outstanding.
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6 What the deal on the debt ceiling means for you - CNBC
https://www.cnbc.com/2021/10/07/what-the-deal-on-the-debt-ceiling-means-for-you.html
Congress agreed to a short-term increase of the U.S. debt ceiling to avert a national default and economic crisis.
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7 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
But both sides agree that a default would be bad for America's government and its economy. Here is a look at some of the possible consequences, if the ...
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8 Debt-ceiling showdown could shake up markets after midterm ...
https://www.marketwatch.com/story/debt-ceiling-showdown-could-shake-up-markets-after-midterm-election-results-analysts-say-11667929663
Treasury could approach the roughly $31.4 trillion debt limit during the current quarter, though economists note that “extraordinary” fiscal ...
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9 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/
Republicans who took back control of Congress in 2010 elections brought the United States to the brink of default in a demand for spending cuts ...
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10 Hitting Debt Ceiling Is the Worst Outcome for US Dollar, Yellen ...
https://www.businessinsider.com/debt-ceiling-congress-yellen-worst-outcome-dollar-default-recession-borrowing-2021-9
If government borrowing slams into the debt ceiling, investors will demand greater returns from US Treasurys. That will drive interest rates ...
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11 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/
Given the current level of the debt, this translates into interest savings for the federal government of roughly $60 billion this year, and over ...
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12 What Happens If America Can't Pay Its Bills? - Investopedia
https://www.investopedia.com/dec-3-2021-debt-ceiling-deadline-looms-5211014
The debt ceiling is the maximum amount of money that the United States can borrow cumulatively by issuing bonds. The debt ceiling was created under the ...
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13 The debt ceiling explained - Marketplace
https://www.marketplace.org/2021/09/24/the-debt-ceiling-explained/
What's happening with the debt ceiling now? ... On Sep. 21, the House of Representatives passed a bill along Democrat party lines that would ...
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14 Debt Ceiling: 5 Devastating Consequences If Congress ...
https://www.bankrate.com/banking/federal-reserve/what-debt-ceiling-means-for-your-wallet/
1. Government obligations such as Social Security and Child Tax Credit (CTC) payments could be paused ... If the debt ceiling binds, the Treasury ...
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15 Debt ceiling: What's next for the US debt limit - BBC News
https://www.bbc.com/news/world-us-canada-58820071
The ceiling has been lifted on more than 100 occasions to allow the government to borrow more. Congress often acts on it in a bipartisan manner ...
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16 The chances of a messy debt ceiling fight have gone up ...
https://news.yahoo.com/the-chances-of-a-messy-debt-ceiling-fight-have-gone-up-because-of-the-midterms-174447566.html
"The risk of a debt ceiling crisis has gone up meaningfully because of the somewhat surprising outcome of the midterms," says Charles Myers, ...
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17 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/
The Treasury cannot borrow more money than is allowed under the limit. As a result, once the debt ceiling is reached, the Treasury will not have ...
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18 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
Fearing the worst outcome, the White House agrees to the second worst: over a trillion dollars in spending cuts to placate the new Republican ...
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19 US Treasury Has Scope to Avoid Debt Ceiling Gimmicks Entirely
https://www.bloomberg.com/news/articles/2022-11-14/us-treasury-has-scope-to-avoid-debt-ceiling-gimmicks-entirely
The debt ceiling has been raised many times over the years. Government debt swelled throughout the pandemic, and key House Republicans have said ...
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20 'Financial Armageddon.' What's at stake if the debt limit isn't ...
https://www.cnn.com/2021/09/08/business/debt-ceiling-default-explained
Even though Congress has in the past raised the debt ceiling with a bipartisan vote, Senate Minority Leader Mitch McConnell vowed in July that ...
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21 A debt ceiling showdown in Congress could send ... - The Hill
https://thehill.com/policy/3703950-a-debt-ceiling-showdown-in-congress-could-send-us-economy-into-tailspin/
While the debt ceiling doesn't control how much money the federal government can spend, it does limit how much debt the Treasury Department can ...
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22 Lessons from the 2011 US debt ceiling crisis | CEPR
https://cepr.org/voxeu/columns/cost-political-uncertainty-lessons-2011-us-debt-ceiling-crisis
The debt ceiling is a legislative limit on the amount of national debt that can be issued by the US Treasury. The US Congress has raised or ...
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23 What to Know in Washington: US Debt-Limit Distress Returns ...
https://about.bgov.com/news/what-to-know-in-washington-us-debt-limit-distress-returns-2023/
Negotiations will be crucially shaped by the outcome of the Nov. 8 congressional election. If forecasts bear out, Republicans will assume ...
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24 PUBLIC DEBT CEILING - Senate Finance Committee
https://www.finance.senate.gov/download/1963/11/18/public-debt-ceiling-november-18-19-1963
able debt ceiling for the remainder of the fiscal year. It is certainly ... way to realize a budgetary outcome that will enable us to maintain our debt ...
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25 The Debt Ceiling, Political Brinkmanship, and Treasury Yields
https://ntanet.org/wp-content/uploads/proceedings/2014/033-cashin-take-limit-debt-ceiling-political.pdf
Take it to the Limit: The Debt Ceiling, Political ... articles on the debt ceiling is indicative of greater uncertainty over the outcome of a debt limit.
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26 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 government ...
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27 Congressional leaders reach elaborate deal to raise debt ceiling
https://www.pbs.org/newshour/politics/congressional-leaders-reach-elaborate-deal-to-raise-debt-ceiling
WASHINGTON (AP) — Congressional leaders reached an elaborate deal Tuesday that will allow Democrats to lift the nation's debt limit without ...
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28 Yellen: Treasury could hit debt ceiling in October without ...
https://www.rollcall.com/2021/09/08/yellen-debt-ceiling-reconciliation/
Treasury Secretary Janet L. Yellen wrote to congressional leaders on Wednesday that the "most likely outcome" is the agency's cash balance and ...
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29 The main consequences of our growing National Debt
https://www.itsuptous.org/blog/consequences-of-national-debt
Interest rates are still low, so this consequence isn't felt yet. However, the current rate of federal borrowing will eventually lead to higher interest costs.
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30 Answering the Top Debt Ceiling Questions - LPL Financial
https://www.lpl.com/newsroom/read/weekly-market-commentary-answering-top-debt-ceiling-questions.html
Democrats and Republicans struck a deal last week to raise the debt ceiling, prompting a relief rally in equity markets. While failing to raise ...
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31 Another Debt Ceiling Debacle - TD Economics
https://economics.td.com/us-debt-ceiling
Recall that the debt ceiling was reinstated on August 1st after a COVID-induced pause. The limit imposed by legislation means that the U.S. ...
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32 MONETARY POLICY AND THE DEBT CEILING - GovInfo
https://www.govinfo.gov/content/pkg/CHRG-112hhrg66866/html/CHRG-112hhrg66866.htm
First, the decision to lift the debt ceiling is a necessary consequence of previous decisions on taxes and spending. If America does not want to default, ...
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33 Senate votes to raise debt ceiling, now it goes to House
https://www.youtube.com/watch?v=lberAPPupEc
CNBC Television
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34 U.S. debt default could wipe out 6 million jobs and $15 trillion ...
https://www.cbsnews.com/news/debt-ceiling-default-6-million-jobs-15-trillion-wealth/
If the amount of government debt hits that threshold without lifting the ceiling by current mid-October deadline estimates, the U.S. would be ...
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35 As deadline looms, economists warn failure to raise debt ...
https://www.northcountrypublicradio.org/news/story/44939/20211206/as-deadline-looms-economists-warn-failure-to-raise-debt-ceiling-could-produce-catastrophic-outcome
When the national debt periodically reaches the debt ceiling, Congress has to raise it. Failure to do so would eventually leave federal ...
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36 United States debt-ceiling crisis of 2011 - Wikipedia
https://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2011
The Government Accountability Office (GAO) estimated that the delay in raising the debt ceiling increased government borrowing costs by $1.3 billion in 2011 and ...
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37 How the Midterm Elections Might Impact Crucial Budget and ...
https://www.concordcoalition.org/blog-post/how-midterm-elections-might-impact-crucial-budget-and-debt-ceiling-matters
Kahn says to avoid a dynamic in the next Congress similar to what we saw a decade ago, Democrats might try to push through a debt ceiling ...
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38 The National Debt Dilemma | Council on Foreign Relations
https://www.cfr.org/backgrounder/national-debt-dilemma
This expansion follows years of ballooning debt—totaling nearly $17 trillion in 2019—that will now be even more difficult to reduce. Raising the debt ceiling, ...
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39 The debt ceiling leads to cruel political theater | David Moon
https://www.knoxnews.com/story/money/columnists/david-moon/2021/10/15/debt-ceiling-leads-cruel-political-theater-david-moon/6103286001/
When federal borrowings approach the ceiling, Congress must authorize additional debt – something it has done 94 times since 1939.
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40 House Democrats approve lifting US debt ceiling and averting ...
https://www.ft.com/content/8181267f-6a7a-45d6-89ac-87746b4d5328
The Democratic-controlled US House of Representatives passed a bill to avert a government shutdown on October 1 and extend the US debt limit ...
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41 S.Hrg. 113-127 — THE ECONOMIC COSTS OF DEBT ...
https://www.congress.gov/event/113th-congress/senate-event/LC237/text?s=1&r=47
As Congress struggled to raise the debt ceiling, the Dow Jones Industrial ... So in conclusion, the U.S. is stuck in a new normal of very slow economic ...
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42 House sets stage to increase debt ceiling - New York Post
https://nypost.com/2021/12/07/house-of-representatives-sets-stage-to-increase-debt-ceiling/
The House of Representatives passed a bill Tuesday that sets the stage to raise the debt ceiling without even one Republican vote.
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43 Another Spin On The Debt Ceiling Carousel
https://www.palisadeshudson.com/2021/11/another-spin-on-the-debt-ceiling-carousel/
The debt ceiling is the amount of debt that the Treasury is allowed to issue to pay the country's bills. While lawmakers often discuss new ...
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44 ~a~man - Treasury Department
https://home.treasury.gov/system/files/276/TBAC-Letter-to-Secretary-2021-09-21.pdf
If left unresolved, this situation would put the U.S. government at risk of missing debt payments— an outcome that would have severe ...
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45 Congress tiptoes around raising debt ceiling - CSMonitor.com
https://www.csmonitor.com/2002/0408/p02s01-uspo.html
No one expects the government to default on its obligations, which would be the consequence if the debt ceiling were broken.
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46 3 Potential Outcomes for the Midterms—and What Each ...
https://www.barrons.com/articles/midterm-elections-markets-taxes-debt-ceiling-51666987169
How the outcome will affect tax policy, defense spending, markets, ... but the need to raise the debt ceiling could spark a political brawl.
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47 A High Wire Act in Congress, With All Eyes on the (Debt) Ceiling
https://library.wilmingtontrust.com/wilmington-wire/a-high-wire-act-in-congress-with-all-eyes-on-the-debt-ceiling
It was the first time that members of Congress had suggested the real possibility of default as a potential outcome if negotiations around the ...
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48 The Strange Debt-Ceiling History Behind the Fiscal Cliff
https://www.fool.com/investing/general/2012/12/11/the-strange-debt-ceiling-history-behind-the-fiscal.aspx
The House voted today to increase the maximum limit on the national debt from $49 billion to $65 billion and declined, because of the urgencies ...
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49 Former Treasury Secretary Jack Lew on why the debt ceiling ...
https://journalistsresource.org/economics/debt-ceiling-jack-lew/
To make the process more efficient with the growth of federal borrowing, the debt limit was adopted as a mechanism to delegate individual ...
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50 The Fiscal & Economic Impact of the National Debt
https://www.pgpf.org/the-fiscal-and-economic-challenge/fiscal-and-economic-impact
Reduced Public Investment. As the federal debt mounts, the government will spend more of its budget on interest costs, increasingly crowding out public ...
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51 Weekly Standard: Tom Cole: I Won't Vote for Debt Limit Hike ...
https://cole.house.gov/weekly-standard-tom-cole-i-wont-vote-debt-limit-hike-without-serious-spending-cuts
But when it comes to raising the debt ceiling, Congressman Cole ... Now, the outcome of the 2013 debt ceiling showdown is far from obvious.
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52 Yes To The Right Kind Of Debt Ceiling Fight | Pete Spiliakos
https://www.firstthings.com/blogs/firstthoughts/2013/01/yes-to-the-right-kind-of-debt-ceiling-fight
One way of looking at it is that refusing to unconditionally raise the debt ceiling in order to pay for already authorized spending is ...
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53 The Debt Ceiling: A Movie We've Seen Before | Northern Trust
https://www.northerntrust.com/europe/insights-research/2021/marketscape/debt-ceiling-movie-weve-seen-before
Debt ceiling uncertainty prompts investors to avoid government debt that matures near the period where the US Treasury Department likely ...
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54 Yellen warns debt ceiling breach could trigger recession - Axios
https://www.axios.com/2021/10/05/janet-yellen-congress-debt-ceiling-recession
Context: Failing to raise the debt ceiling by the deadline could pause paychecks to federal workers, Medicare benefits, military salaries, tax ...
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55 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
› afeu › when-free-to-choose
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56 Debt Ceiling Disruption: Volatility Ahead? - Charles Schwab
https://www.schwab.com/learn/story/debt-ceiling-disruption-volatility-ahead
The two-year suspension of the debt ceiling expires on July 31. To avoid the U.S. defaulting on its debts, Congress must act to either extend the suspension or ...
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57 Debt Ceiling 2021: The Sequel - Seeking Alpha
https://seekingalpha.com/article/4464459-debt-ceiling-2021-the-sequel
In fact, since 1940 — when the national debt was consolidated under the Treasury Department — Congress has agreed to raise the debt ceiling more ...
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58 Debt ceiling modest proposal -- perpetuities
https://johnhcochrane.blogspot.com/2021/09/debt-ceiling-modest-proposal.html
The debt ceiling dance has started again. Read Treasury Secretary Janet Yellen in the Wall Street Journal. A modest proposal: Issue ...
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59 Is raising the debt limit usually a bipartisan vote?
https://www.statesman.com/story/news/politics/2021/10/08/raising-debt-limit-usually-bipartisan-vote/6039047001/
Congress has raised or suspended the debt ceiling about 80 times since 1960. ... It is the inevitable outcome of policies that consistently ...
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60 The 2011 Debt-Ceiling Controversy and the 2012 US House ...
https://www.cambridge.org/core/journals/ps-political-science-and-politics/article/2011-debtceiling-controversy-and-the-2012-us-house-elections/C98CB957C9D28C2006981EB7E7F7A53F
For this outcome, the population includes every incumbent who voted on the debt ceiling. If a member's vote deterred challengers (making reelection easier) ...
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61 Running the Numbers on the Debt Ceiling Vote | FiveThirtyEight
https://fivethirtyeight.com/features/running-the-numbers-on-the-debt-ceiling-vote/
The outcome of the vote, designed by John A. Boehner, the speaker of the House, to demonstrate that an increase in the debt limit could not ...
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62 Shattering the Debt Ceiling Myth - RealClearMarkets
https://www.realclearmarkets.com/articles/2019/07/08/shattering_the_debt_ceiling_myth.html
Yet this is highly unlikely in our view. For one, Congress has always raised the ceiling when needed, rendering it largely symbolic. Since 1917, ...
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63 Yellen says Democrats can address debt ceiling via ...
https://www.foxbusiness.com/economy/yellen-congress-raise-debt-ceiling-democrats-go-it-alone
Raising the debt ceiling allows the Treasury Department to borrow money to cover its existing financial obligations, including spending approved ...
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64 Bargaining in the Shadow of the Debt Ceiling
https://scholarship.law.ufl.edu/cgi/viewcontent.cgi?article=1989&context=facultypub
If the debt ceiling is inconsistent with existing spending and ... conclusion that the President should treat a threatened failure to raise ...
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65 Will the debt ceiling be raised or suspended? - Kalshi
https://kalshi.com/markets/DCEIL-003
› markets › DCEIL-003
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66 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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67 'Debt Ceiling Politics' is Driving Interest Rates | The Fiscal Times
https://www.thefiscaltimes.com/Columns/2011/05/23/Debt-Ceiling-Politics-is-Driving-Interest-Rates
› Columns › 2011/05/23
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68 Debt limit deal reached by Congress leaders in intricate process
https://www.wwltv.com/article/news/nation-world/congress-debt-limit-deal/507-ad6f357d-ce84-4cc1-887f-5124bab10c3d
But Republicans have warned they won't vote for any future debt ceiling increase to ensure the federal government can meet its financial ...
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69 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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70 A New, Extra-Extraordinary Debt-Ceiling Tool
https://www.heritage.org/budget-and-spending/report/new-extra-extraordinary-debt-ceiling-tool
› budget-and-spending › report
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71 Clearing the Air on the Debt Limit
https://sgp.fas.org/crs/misc/R45011.pdf
(and Others) from the Debt Ceiling Standoff, 112 COLUM. ... contributed to this outcome, including rising polarization on debt issues in the.
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72 A Season of Silliness and the National Debt Ceiling
https://iiep.gwu.edu/2022/03/29/a-season-of-silliness-and-the-national-debt-ceiling/
In other words, if the debt ceiling is raised the US government can and will continue to service its debts and live up to its previous ...
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73 Debt ceiling brinkmanship | UBS Global
https://www.ubs.com/global/en/wealth-management/our-approach/marketnews/article.1546628.html
Congressional Democrats believe that debt ceilings should be raised on a bipartisan basis to accommodate prior spending. By doing so through “ ...
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74 Debt limit showdown in Congress looms ahead of October ...
https://www.nbcnews.com/politics/congress/debt-limit-showdown-congress-looms-ahead-october-deadline-n1278700
"The most likely outcome is that cash and extraordinary measures will be exhausted ... But if Democrats don't lift the debt ceiling in the ...
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75 A Ringside Seat to the Debt Ceiling Fight | Mercatus Center
https://www.mercatus.org/%5Bnode%3A%5D/commentary/ringside-seat-debt-ceiling-fight
If most lawmakers had their way, there would be fewer rules to restrain them from growing spending and the national debt.
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76 The Budget & the Debt Limit - SIFMA
https://www.sifma.org/resources/submissions/sifma-and-other-associations-submit-comments-to-the-us-congress-on-the-budget-and-the-debt-limit/
The Budget & the Debt Limit. Issue. Debt Ceiling→ ... its normal operations pending a successful outcome of broader budgetary reforms.
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77 US debt ceiling crisis: A catalyst for crypto's ultimate decoupling?
https://cointelegraph.com/news/us-debt-ceiling-crisis-a-catalyst-for-crypto-s-ultimate-decoupling
The United States federal government's default on its debt has been averted — at least for now. On Oct. 7, the Senate voted to increase the ...
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78 The Biggest Loser in the Debt Ceiling Deal: American ...
https://www.foreffectivegov.org/debtceilingdeal
Like everyone else in the country, at OMB Watch, we are trying to find a sliver of hope in the outcome of the debt ceiling debacle.
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79 House Republicans Preparing Backup Plan For Debt Ceiling
https://wamu.org/story/13/05/03/house_republicans_preparing_backup_plan_for_debt_ceiling/
House Republicans are preparing a backup plan in case Congress doesn't raise the debt ceiling — an outcome that could make borrowing more ...
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80 Biden signs funding bill to avoid government shutdown
https://globalnews.ca/news/8232975/u-s-congress-raise-debt-ceiling-avoiding-government-shutdown/
1:20 Biden believes raising the U.S. debt ceiling 'should not be political ... “This is a good outcome, one I'm happy we are getting done,” ...
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81 CHAPTER 31: DEFICITS AND DEBT
https://www.bu.edu/eci/files/2019/10/Principles_2e_Ch31.pdf
interest rates, both naturally and as a consequence of policy measures. ... balanced budget, in which case the debt ceiling would not become an issue.
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82 Are Bonds Markets Starting to Get Skittish About the US Debt ...
https://www.aei.org/economics/are-bonds-markets-starting-to-get-skittish-about-the-us-debt-ceiling-debate/
But the debt ceiling is a whole other ballgame. A temporary “technical” default where debt payments are delayed would be a terrible outcome.
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83 The Debt Ceiling As Kabuki | Econbrowser
https://econbrowser.com/archives/2021/09/the-debt-ceiling-as-kabuki
As the Center for Budget and Policy Priorities has observed, $1.4 trillion is sufficient to stabilize the debt-to-GDP ratio over the next ten ...
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84 Sorry, Everyone, but Congress Is Bringing Back Debt Ceiling ...
https://newrepublic.com/article/163636/congress-debt-ceiling-janet-yellen
Raising the debt ceiling does not spend any new money or incur any additional debt; rather, it allows the Treasury to borrow money to cover ...
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85 The debt ceiling: Pros and cons - New York Amsterdam News
https://amsterdamnews.com/news/2013/09/26/debt-ceiling-pros-and-cons/
The debt ceiling acts as a constraint on government debt. If Congress increases the debt ceiling too often or too easily, it sends a signal to ...
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86 Institute Alert: Investment implications of a new debt ceiling ...
https://www.wellsfargoadvisors.com/research-analysis/reports/policy/debt-ceiling-debate.htm
Like the budget stalemate, failure to raise the debt ceiling could curtail federal spending and cause a government shutdown. Beyond that, an ...
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87 The Budget and Economic Outlook: 2022 to 2032
https://www.cbo.gov/publication/58147
12 Once the debt ceiling was raised in December (early in fiscal year 2022), the G Fund, as required by law, was made whole (with interest), ...
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88 Playing chicken with the US debt ceiling - Lowy Institute
https://www.lowyinstitute.org/the-interpreter/playing-chicken-us-debt-ceiling
The consequence of a US default has been described by the US Treasury as 'catastrophic' and would precipitate another financial crisis that ...
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89 Why Congress Is Fighting Over the Debt Ceiling Yet Again
https://nymag.com/intelligencer/article/debt-ceiling-2021-when-reached-what-congress-can-do.html
The deal expired on August 1, 2021, with the effect that the debt ceiling was adjusted upwards to the level of debt as it exists right now.
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90 Yellen issues warning on US debt limit – DW – 09/08/2021
https://www.dw.com/en/us-treasury-secretary-janet-yellen-warns-on-debt-ceiling/a-59126976
Congress has never failed to act to raise the debt ceiling or suspend it rather than face a shortage of funding. However, a budget battle ...
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91 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/
Such an outcome would be highly disruptive to federal governance and ... The debt limit, also known as the debt ceiling, is the legal limit ...
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92 Yellen warns not lifting US debt ceiling poses 'huge threat' to ...
https://parstoday.com/en/news/world-i188962-yellen_warns_not_lifting_us_debt_ceiling_poses_huge_threat%E2%80%99_to_economy
Some Republicans have threatened to use the next hike in the $31.4 trillion debt ceiling as leverage to force concessions from US President ...
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93 The Debt Ceiling: Economics and Politics - NYU Stern
https://www.stern.nyu.edu/sites/default/files/assets/documents/con_035653.pdf
Congress to alter the budget process as part of the debt ceiling vote. ... following the conclusion of a war. ... The outcome of the.
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94 US debt ceiling impasse? Fed's 'loathsome' game plan for the ...
https://m.economictimes.com/markets/stocks/news/us-debt-ceiling-impasse-feds-loathsome-game-plan-for-the-unthinkable/articleshow/86315088.cms
If the impasse in Congress over the $28.5 trillion debt limit isn't ... That's an outcome the White House on Friday warned could plunge the ...
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