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- United_States_debt-ceiling_crisis_of_2011 abstract "The United States debt-ceiling crisis of 2011 was a stage in the ongoing political debate in the United States Congress about the appropriate level of government spending and its consequential impact on the national debt and deficit.The Republican Party, which had retaken the House of Representatives the prior year, demanded that the President negotiate over deficit reduction in exchange for an increase in the debt ceiling, the statutory maximum of money the Treasury is allowed to borrow. Were the United States to broach the debt ceiling and not be able to use other "extraordinary measures", the Treasury would have to either default on payments to bondholders or immediately curtail payment of funds owed to various companies and individuals that had been mandated but not fully funded by Congress. Both situations would likely have led to a significant international financial crisis.On July 31, two days prior to when the Treasury estimated the borrowing authority of the United States would be exhausted, Republicans agreed to raise the debt ceiling in exchange for a complex deal of significant future spending cuts. The crisis did not permanently resolve the potential of future use of the debt ceiling in budgetary disputes, as shown by the subsequent debt-ceiling crisis of 2013.The crisis sparked the most volatile week for financial markets since the 2008 crisis, with the stock market trending significantly downward. Prices of government bonds ("Treasuries"), rose as investors, anxious over the dismal prospects of the US economic future and the ongoing European sovereign-debt crisis, fled into the still-perceived relative safety of US government bonds. Later that week, the credit-rating agency Standard & Poor's downgraded the credit rating of the United States government for the first time in the country's history, though the other two major credit-rating agencies, Moody's and Fitch, retained America's credit rating at AAA. The Government Accountability Office (GAO) estimated that the delay in raising the debt ceiling increased government borrowing costs by $1.3 billion in 2011 and also pointed to unestimated higher costs in later years. The Bipartisan Policy Center extended the GAO's estimates and found that delays in raising the debt ceiling would raise borrowing costs by $18.9 billion.".
- United_States_debt-ceiling_crisis_of_2011 thumbnail US_Public_Debt_Ceiling_1981-2010.png?width=300.
- United_States_debt-ceiling_crisis_of_2011 wikiPageExternalLink UnitedStatesofAmericaLongTermRatingLoweredToAA.pdf.
- United_States_debt-ceiling_crisis_of_2011 wikiPageExternalLink BT-CO-20110809-721856.html.
- United_States_debt-ceiling_crisis_of_2011 wikiPageExternalLink p24751.
- United_States_debt-ceiling_crisis_of_2011 wikiPageExternalLink index.html.
- United_States_debt-ceiling_crisis_of_2011 wikiPageExternalLink understanding-federal-debt-limit.
- United_States_debt-ceiling_crisis_of_2011 wikiPageExternalLink us-debt-ceiling-historic.
- United_States_debt-ceiling_crisis_of_2011 wikiPageExternalLink obama-vs-boehner-who-killed-the-debt-deal.html?_r=1&pagewanted=all.
- United_States_debt-ceiling_crisis_of_2011 wikiPageExternalLink us-usa-fed-idUSTRE7775G120110809.
- United_States_debt-ceiling_crisis_of_2011 wikiPageID "32442495".
- United_States_debt-ceiling_crisis_of_2011 wikiPageRevisionID "592679352".
- United_States_debt-ceiling_crisis_of_2011 hasPhotoCollection United_States_debt-ceiling_crisis_of_2011.
- United_States_debt-ceiling_crisis_of_2011 subject Category:2011_in_the_United_States.
- United_States_debt-ceiling_crisis_of_2011 subject Category:Economy_of_the_United_States.
- United_States_debt-ceiling_crisis_of_2011 subject Category:Government_finances_in_the_United_States.
- United_States_debt-ceiling_crisis_of_2011 subject Category:Presidency_of_Barack_Obama.
- United_States_debt-ceiling_crisis_of_2011 subject Category:United_States_federal_budgets.
- United_States_debt-ceiling_crisis_of_2011 comment "The United States debt-ceiling crisis of 2011 was a stage in the ongoing political debate in the United States Congress about the appropriate level of government spending and its consequential impact on the national debt and deficit.The Republican Party, which had retaken the House of Representatives the prior year, demanded that the President negotiate over deficit reduction in exchange for an increase in the debt ceiling, the statutory maximum of money the Treasury is allowed to borrow.".
- United_States_debt-ceiling_crisis_of_2011 label "2011年美國債務上限危機".
- United_States_debt-ceiling_crisis_of_2011 label "Crise do limite de dívida dos Estados Unidos de 2011".
- United_States_debt-ceiling_crisis_of_2011 label "Crisis del techo de deuda de Estados Unidos de 2011".
- United_States_debt-ceiling_crisis_of_2011 label "Haushaltskrise in den Vereinigten Staaten 2011".
- United_States_debt-ceiling_crisis_of_2011 label "Staatsschuldencrisis van de Verenigde Staten van 2011".
- United_States_debt-ceiling_crisis_of_2011 label "United States debt-ceiling crisis of 2011".
- United_States_debt-ceiling_crisis_of_2011 label "أزمة سقف ديون الولايات المتحدة".
- United_States_debt-ceiling_crisis_of_2011 sameAs Haushaltskrise_in_den_Vereinigten_Staaten_2011.
- United_States_debt-ceiling_crisis_of_2011 sameAs Crisis_del_techo_de_deuda_de_Estados_Unidos_de_2011.
- United_States_debt-ceiling_crisis_of_2011 sameAs Staatsschuldencrisis_van_de_Verenigde_Staten_van_2011.
- United_States_debt-ceiling_crisis_of_2011 sameAs Crise_do_limite_de_dívida_dos_Estados_Unidos_de_2011.
- United_States_debt-ceiling_crisis_of_2011 sameAs m.0gyv_pc.
- United_States_debt-ceiling_crisis_of_2011 sameAs Q1591212.
- United_States_debt-ceiling_crisis_of_2011 sameAs Q1591212.
- United_States_debt-ceiling_crisis_of_2011 wasDerivedFrom United_States_debt-ceiling_crisis_of_2011?oldid=592679352.
- United_States_debt-ceiling_crisis_of_2011 depiction US_Public_Debt_Ceiling_1981-2010.png.
- United_States_debt-ceiling_crisis_of_2011 isPrimaryTopicOf United_States_debt-ceiling_crisis_of_2011.