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During the suspension period, the Treasury was authorized to borrow to the extent that it "is required to meet existing commitments". [48] On May 19, the debt ceiling was raised by $306 billion to cover the borrowings done during the suspension period, as well as commitments that accrued in the preceding period that extraordinary measures were ...
On October 16, the Senate passed the Continuing Appropriations Act, 2014, a continuing resolution, to fund the government until January 15, 2014, and suspending the debt ceiling until February 7, 2014, thus ending the 2013 United States federal government shutdown and debt-ceiling crisis.
Treasury Secretary Janet Yellen sent a letter Thursday morning to House Speaker Kevin McCarthy, noting that a "debt issuance suspension period" will begin on Thursday, Jan. 19 and last through ...
The No Budget, No Pay Act of 2013, signed into law on February 4, 2013, suspended the public debt ceiling in the United States until May 18, 2013. The public debt limit at the start of the suspension period was $16.394 trillion. The Act made a special rule relating to debt issued during the suspension period.
In a letter to Congress of April 4, 2011, Treasury Secretary Timothy Geithner explained that when the debt ceiling is reached, the US Treasury can declare a debt issuance suspension period and utilize "extraordinary measures" to acquire funds to meet federal obligations but which do not require the issue of new debt, [43] such as the sale of ...
The history of the United States debt ceiling deals with movements in the United States debt ceiling since it was created in 1917. Management of the United States public debt is an important part of the macroeconomics of the United States economy and finance system, and the debt ceiling is a limitation on the federal government's ability to manage the economy and finance system.
A–Z Index of US Departments and Agencies, USA.gov, the US government's official web portal. Directory of agency contact information. CyberCemetery, online document archive of defunct US Federal Agencies, maintained by the University of North Texas Libraries in partnership with the Federal Depository Library Program of the GPO
According to a CBS News analysis of federal data, these policies are one of the most common reasons for Social Security overpayments, which have totaled more than $450 million in fiscal years 2017 ...