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- Stopped the debt ceiling until January 2025The Fiscal Responsibility Act of 2023 is an act of the 118th United States Congress that stopped the debt ceiling until January 2025. It ended the crisis. This law was supported by leaders of both the Republican Party and the Democratic Party. Patrick McHenry introduced it on May 29, 2023 based on an agreement between Biden and McCarthy.simple.wikipedia.org/wiki/2023_United_States_debt-ceiling_crisis
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2023 United States debt-ceiling crisis - Wikipedia
The Fiscal Responsibility Act of 2023 is an act of the 118th United States Congress that suspended the debt limit until January 2025, bringing an end to the crisis. The bipartisan piece of legislation, endorsed by both Republican and Democratic leadership, was introduced on May 29, 2023 by Patrick McHenry … See more
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 … See more
Congress and the president
The House of Representatives and the White House disagreed on how to resolve this crisis. Former House Speaker Kevin McCarthy (R-CA) called for negotiations to reduce federal spending in exchange for increasing the debt … See moreFourteenth Amendment
While the Fourteenth Amendment, ratified in 1866, is more widely known for its provisions granting … See more• History of the United States debt ceiling
• 1995–1996 United States federal government shutdowns, which included a dispute about the debt ceiling See moreThe deficit and the national debt
Federal budget and deficit
In 2019, just over 60% of the federal budget went … See moreComparisons to the 2011 debt ceiling crisis
The Associated Press has noted similarities between the 2023 debt ceiling crisis and the one … See moreHaving recently regained control of the House, Republicans demanded deep spending cuts as a precondition to raising the debt ceiling, … See more
Wikipedia text under CC-BY-SA license 2023 United States debt-ceiling crisis - Simple English Wikipedia, …
Fiscal Responsibility Act of 2023 - Ballotpedia
H.R.3746 - Fiscal Responsibility Act of 2023 - Congress.gov
H.R.3746 - Fiscal Responsibility Act of 2023 - Congress.gov
Biden Signs Fiscal Responsibility Act, Ending Debt …
WEBJun 3, 2023 · Doug Mills/The New York Times. By Michael D. Shear. June 3, 2023. President Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday, ending for now the threat of...
What the Fiscal Responsibility Act of 2023 Means for …
WEBJun 15, 2023 · The law suspends the debt ceiling and imposes spending limits on defense and non-defense programs for two years. Learn how it affects defense funding, compares with previous agreements, and …
H.R. 3746, THE FISCAL RESPONSIBILITY ACT OF 2023: …
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