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DriverOngoing causal factorinstitutional

2011 US debt-ceiling crisis and Budget Control Act

On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U. S. government accrues.

Today, President Biden signed the bipartisan budget agreement into law – avoiding a first-ever default while protecting key investments in the American people. Photo: The White House, Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:President_Joe_Biden_signs_the_bipartisan_budget_agreement_into_law.jpg).
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On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U. S. government accrues.

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