6/4/2023 0 Comments A history of time![]() ![]() In December 2014, Congress passed a deal to avert another partial government shutdown with just hours to spare before the midnight Dec.16, and President Barack Obama signed it Oct. (Congress passed a debt ceiling suspension Oct. 1, Congress failed to reach a deal until right before the Oct. 17 deadline after a short-term deal, and Congress faced both a potential shutdown and a potential default around the same time. That deal still left the clock ticking on the debt ceiling.It was resolved shortly after the deadline, with the Senate voting around 2 a.m. In 2012-2013, the “fiscal cliff” loomed at midnight Dec. ![]() 1, with the House voting that night and the Senate following the next day to set up the “super committee” and the budget sequester. In 2011, the Treasury Department announced that “extraordinary measures” for averting a default would stop working Aug. ![]()
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