Debt Ceiling Vote
The debt ceiling was raised 74 times from march 1962 to may 2011 including 18 times under ronald reagan eight times under bill clinton seven times under george w.
Debt ceiling vote. House approves 2 year budget and debt ceiling deal. On october 30 2015 the debt ceiling was again suspended to march 2017. Congress did not vote on the debt ceiling focusing instead on trumps tax bill. Congress suspended the debt ceiling until 2021 guaranteeing that the united states will accrue at least 2 trillion in additional debt during that time and likely more.
As a result the debt ceiling was 20455 trillion the level it was on that day. The democratic led house of representatives passed the bipartisan budget and debt ceiling bill thursday in a vote of 284 to 149. The house passes a bill to suspend the debt ceiling and set spending levels for two years. While proponents of the deal argue that there are 774 billion in spending offsets the fact is most of those offsets are just a paper agreement that congress will.
Bush and five times under barack obama. Later that day the debt exceeded 20 trillion for the first time in us. The debt ceiling would again have been reached on november 3 2015. 30 although lawmakers enacted legislation in august to raise the discretionary spending caps.
Congress enacted two continuing resolutions that allowed the house and senate to continue negotiations on full appropriations for the rest of fy 2020. The legislation will stretch the debt ceiling limit through july. By stefan becket july 25 2019 529 pm cbs news budget deal raises national debt concerns. In practice the debt ceiling has never been reduced even though the public debt itself may have reduced.
White house and congress strike two year debt ceiling deal squawk box president donald trump and congressional leaders struck a two year us. It now heads to the senate which is expected to pass the legislation and send it to president donald. As of july 2019 it appeared that the government may default on its obligations within a couple months.
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