2013 United States debt-ceiling crisis

In January 2013, the United States reached the, at the time, debt ceiling of $16.394 trillion that had been enacted following a crisis in 2011. President Obama and members of the Democratic Party proposed raising the debt ceiling, with some advocating for its complete dismissal. Members of the Republican Party staunchly opposed raising the debt ceiling unless spending cuts would parallel the bill, including defunding the Affordable Care Act. Previous raises of the debt ceiling have been largely bipartisan without conditions.

This article is part of a series on the
Budget and debt in the
United States of America
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Programs
  • Medicare
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Bowles–Simpson Commission

2007–2008 financial crisis

2013 budget sequestration

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Terminology
Cumulative deficit + Interest ≈ Debt
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The debt ceiling issue was one of the causes for the 2013 government shutdown, and a lack of a budget bill over the issue forced the government to sequester its budget.

The crisis, as well as the government shutdown, ended on October 17, 2013, with the passing of the Continuing Appropriations Act, 2014.

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