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  2. United States debt ceiling - Wikipedia

    en.wikipedia.org/wiki/United_States_debt_ceiling

    U.S. federal government debt ceiling from 1990 to January 2012 [32] (unadjusted for GDP and population) The debt-ceiling debate of 1995 led to a showdown on the federal budget and resulted in the U.S. federal government shutdowns of 1995 and 1996. [33] [34] In all, Congress raised the debt ceiling eight times during the Clinton Administration.

  3. Explainer-What is a government shutdown and what is the debt ...

    www.aol.com/news/explainer-government-shutdown...

    Doing so will add about $4 trillion over the next decade to the U.S. federal government's current $36 trillion in debt, tax experts say. ... Congress set the first debt limit of $45 billion in ...

  4. National debt of the United States - Wikipedia

    en.wikipedia.org/wiki/National_debt_of_the...

    Total US federal government debt breached the $30 trillion mark for the first time in history in February 2022. [9] As of December 2023, total federal debt was $33.1 trillion; $26.5 trillion held by the public and $12.1 trillion in intragovernmental debt. [10]

  5. What is the debt ceiling, and is Trump right that a default ...

    www.aol.com/debt-ceiling-trump-default-could...

    The government needs to borrow money to continue paying out what Congress has already approved, but the debt ceiling puts a limit on how much money the U.S. government can borrow to pay its bills.

  6. 2023 United States debt-ceiling crisis - Wikipedia

    en.wikipedia.org/wiki/2023_United_States_debt...

    The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.

  7. Debt ceiling: CBO finds government could be at risk of ... - AOL

    www.aol.com/finance/debt-ceiling-cbo-finds...

    The dual releases Wednesday of the “Federal Debt and the Statutory Limit, February 2023” and “The Budget and Economic Outlook: 2023 to 2033” also provided insights into the overall U.S ...

  8. The national debt is over $34 trillion. It’s time to ... - AOL

    www.aol.com/finance/national-debt-over-34...

    This has fueled a massive increase in the federal debt, which now totals $34 trillion, about $6 trillion more than America’s gross domestic product (GDP), the value of all the goods and services ...

  9. US national debt hits record $34 trillion - AOL

    www.aol.com/us-national-debt-hits-record...

    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. US national debt hits record $34 trillion ...

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