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2023 United States debt-ceiling crisis: Difference between revisions
2023 United States debt-ceiling crisis (view source)
Revision as of 20:00, 23 May 2023
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== What is it? == | |||
The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which lasted until January 19, 2023.<ref>https://www.crfb.org/papers/qa-everything-you-should-know-about-debt-ceiling</ref> | The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which lasted until January 19, 2023.<ref>https://www.crfb.org/papers/qa-everything-you-should-know-about-debt-ceiling</ref> | ||
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[[File:Screenshot 2023-05-23 135549.png|center|thumb|635x635px|https://www.crfb.org/papers/qa-everything-you-should-know-about-debt-ceiling#how%20bad]] | [[File:Screenshot 2023-05-23 135549.png|center|thumb|635x635px|https://www.crfb.org/papers/qa-everything-you-should-know-about-debt-ceiling#how%20bad]] | ||
=== Extraordinary Mesuares === | === Extraordinary Mesuares === | ||
* Redeeming existing, and suspending new, investments of the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund | |||
* Suspending reinvestment of the Government Securities Investment Fund | |||
* Suspending reinvestment of the Exchange Stabilization Fund | |||
* Suspending sales of State and Local Government Series Treasury securities | |||
== Republicans Bill == | == Republicans Bill == | ||