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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.
The debt ceiling is an aggregate of gross debt, which includes debt in hands of public and in intragovernment accounts. The debt ceiling does not necessarily reflect the level of actual debt. From March 15 to October 30, 2015 there was a de facto debt limit of $18.153 trillion, [ 55 ] due to use of extraordinary measures .
On February 12, 2014, the Temporary Debt Limit Extension Act was passed, suspending the debt ceiling until March 15, 2015. At that time, the Treasury Department took extraordinary measures. [50] The debt ceiling would again have been reached on November 3, 2015. [52] [53] [54] But on October 30, 2015, the debt ceiling was again suspended to ...
The USTA Tennis on Campus National Championship is the pinnacle major tournament hosted in April. [3] [14] A pool of 64 schools throughout the nation which were the champions or runners-up of their Sectional Championship or the Fall/Spring Invitational earn automatic bids to Nationals. [7] After the National Championship game is an awards ...
Since the debt ceiling system was instituted in 1917, Congress has never not raised the debt ceiling. Congress has voted 78 times to raise or suspend the debt limit since 1960.
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted as ideas were floated to push the issue off until 2027 or 2029 (or even forever). But it was not to be.
The director of national intelligence was first elevated to Cabinet-level status by Trump in February 2017, during his first administration. In November 2024, President-elect Trump selected Army lieutenant colonel and former congresswoman Tulsi Gabbard of Hawaii to serve as his DNI.
The US government’s debt has topped $34 trillion for the first time, just weeks ahead of deadlines for Congress to agree to new federal funding plans.