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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.
In 1917, when it was financing World War I with Liberty Bonds, Congress instituted a limit on US borrowing and the debt ceiling evolved from there as US debt has grown and grown and grown.
The debt ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.
On January 19, 2023, the United States hit its debt ceiling of $31.4 trillion. [62] At this time, Republicans had taken control of the House during the 2022 midterm elections. Although Republicans were a minority in the Senate, they threatened for the first time in American history to use the filibuster to stop the debt ceiling increase. [36]
Mass deportations of illegal immigrants in the United States began in January 2025 shortly after the beginning of the second presidency of Donald Trump, and are currently ongoing. [ 21 ] On January 23, 2025, U.S. Immigration and Customs Enforcement (ICE) began to carry out raids on sanctuary cities , with hundreds of illegal immigrants detained ...
Passage of the Laken Riley Act shows just how sharply the political debate over immigration has shifted to the right following Trump's election victory. House passes immigrant detention bill that ...
The Federation for American Immigration Reform, which seeks to reduce overall immigration, estimated that 16.8 million “illegal aliens” were living in the U.S. as of June 2023.
Debt ceiling crisis may refer to one of these events in the United States debt ceiling history: 1995 United States debt-ceiling crisis, part of the 1995–1996 United States federal government shutdowns; 2011 United States debt-ceiling crisis; 2013 United States debt-ceiling crisis; 2023 United States debt-ceiling crisis