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• n  a limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress

News & Articles

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• No debt ceiling crisis? Obama economic adviser sees investment boon.
  A boost to long-term investment in the US may result, now that Congress appears poised to raise the national debt ceiling without provoking another showdown, says Gene Sperling of Obama's National Economic Council.
  Feb. 14, 2014 - The Christian Science Monitor
• Obama adviser: 'Some optimism' for expecting US economy to strengthen
  Gene Sperling, director of the National Economic Council, hopes Republicans' tactic of contesting each increase of the national debt ceiling is permanently 'off the table.' He also offers cautious hope that the economy will keep improving.
  Feb. 14, 2014 - The Christian Science Monitor
• Sen. Ted Cruz filibuster angers GOP leaders. Where does fight end? (+video)
  The Texan clashed openly Wednesday with Sen. Mitch McConnell and other GOP leaders over a bill to raise the national debt ceiling. Ted Cruz may have burnished his tea party credentials, but the price could be that he'll be sidelined in the Senate.
  Feb. 14, 2014 - The Christian Science Monitor