One of the first legislative deadlines President-elect Donald Trump and the 115th Congress will face is the need to raise the debt limit. The budget deal brokered last November suspended it until March 15, 2017.
During the Obama years the U.S. national debt increased by an average of well over a trillion dollars a year, and that is almost certainly going to continue for years to come as long as the debt ceiling is raised.
What Every Investor Needs to Know About the Debt Ceiling Deadline. However, it will not leave room for additional financing. The debt ceiling will be reinstated at a level of about $20 trillion. On March 8, Treasury Secretary Steven Mnuchin wrote to Congress urging them to raise the debt ceiling by midnight on March 17.
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Study up on the debt ceiling, as the deadline for action is fast approaching. The deadline to raise it is fast approaching. Everything You Need to Know About the Debt Ceiling
Not only are they unwilling to give dollars for the obviously needed Wall (they overrode recommendations of Border Patrol experts), but they don’t even. they viewed Monday as an unofficial deadline.
Coming soon: Another debt ceiling war By Rick Moran President Trump may want to push his tax reform plan and repeal Obamacare, but before he can do that, Congress must deal with the deadline of.
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In theory, if the debt ceiling is not raised by the deadline, the United States would go into default on its debt. On the surface, that seems like a potentially catastrophic event. In reality, it.
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The Treasury Department is likely to exhaust its so-called "extraordinary measures" and run out of cash in the first half of March if Congress doesn’t raise the debt ceiling before then, the.
US Dollar, Yen and Gold Price Impact of US Debt Ceiling Deadline by Daniel Dubrovsky , Analyst Classic technical analysis, macro and economic themes.