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On August 26, 2013, Treasury informed Congress that if the debt ceiling was not raised in time, the United States would be forced to default on its debt sometime in mid-October. [ 21 ] On September 25, Treasury announced that extraordinary measures would be exhausted no later than October 17, leaving Treasury with about $30 billion in cash ...
Benjamin H. Harris is an American economist who is currently the Vice President and Director of the Economic Studies program at the Brookings Institution. [1] [2] Throughout his career, he has served in several public-service positions, most notably as the chief economist and chief economic advisor to Vice President Joe Biden from 2014 until the end of the Obama administration, and as ...
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
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Baicker received her B.A. in economics from Yale University in 1993 and her Ph.D. in economics from Harvard University in 1998. She began her academic career teaching economics at Dartmouth College from 1998 to 2005 and her political career in 2001, serving as a senior economist for the President's Council of Economic Advisors.
Milton Harris is an American mathematician and economist and is the Chicago Board of Trade Professor of Finance and Economics Emeritus at The University of Chicago Booth School of Business. Harris is an expert in the fields of corporate finance, corporate contract law, and applied economics. He is particularly interested in the economic theory ...
The history of the United States from 2008 to the present began with the collapse of the housing bubble, which led to the Great Recession. The resulting economic downturn and general discontent led Barack Obama to win the presidential election in 2008, becoming the country's first African-American president.