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ASSOCIATION FOR CAREER & TECHNICAL EDUCATION

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  • Shutdown Update: Debt Ceiling Enters the Debate

    Week two of the federal government shutdown began with no indication that congressional leaders and the White House are any closer to a resolution that would end the partisan standoff. The likelihood that both sides will be able to reach a deal to end the shutdown is being further complicated by a looming deadline to raise the nation’s debt limit. The U.S. Treasury Department announced that Congress will need to approve an increase in the federal debt ceiling before October 17 in order to avoid a default. So what is the debt ceiling and what does it have to do with the ongoing government shutdown?

    Posted by Application Administrator at 10/9/2013 12:35:41 PM

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