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Debt Would Reach 17 8 Trillion After One Year Debt Limit Suspension

Created on September 25, 2013

Debt Would Reach 17 8 Trillion After One Year Debt Limit Suspension

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READ the original report, "Plan to Suspend Debt Limit Means Debt Would Rise to $17.8 Trillion."

Congress is considering suspending the debt limit again, this time for more than a year. Congress last suspended the debt limit from February 4, 2013, through May 18, 2013, increasing the debt by $300 billion. Suspending the debt limit again through December 31, 2014, would add an additional $1.1 trillion to the debt, for a total increase of $1.4 trillion in less than two years.

Keywords: debt, limit, suspended, congress, detail

Sources: U.S. Office of Management and Budget, U.S. Department of Treasury, and Bipartisan Policy Center.

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