Debt-ceiling crisis: Following tensions between the largely Democratic Senate and the largely Republican House of Representatives regarding the Affordable Care…

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1. Okt. 2013 – 16. Okt. 2013

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40.00° N, 100.00° W

Platziert: country named in the title of the event it links, United States.

Debt-ceiling crisis: Following tensions between the largely Democratic Senate and the largely Republican House of Representatives regarding the Affordable Care Act while voting on the mandatory budget for the 2014 fiscal year, Congress ultimately reaches a stalemate, resulting in a shutdown of all federal government departments deemed nonessential by the Antideficiency Act. Hundreds of thousands of federal government workers in these departments are temporarily furloughed. The juxtaposition of the shutdown poses a major threat to the United States economy, as it looms very closely to the date of the mandatory raising of the debt ceiling. The shutdown ends with Congress voting to postpone debates over the debt ceiling until February 2014. It is the first federal government shutdown since the 1995-96 shutdown under the Clinton administration.

In January 2013, the United States reached the $16.394 trillion debt ceiling that had been enacted following a crisis in 2011. The debt ceiling had been routinely raised previously on a bipartisan basis without conditions and without additional spending cuts.

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