Financial Deadlines: Why the debt ceiling is being used as a tool to destroy a strong federal government
The House of Representatives passed a funding bill on September 21 that would both keep the government from shutting down and prevent a default on the U.S. debt. The vote was 220 to 211, with all Democrats voting in favor and all Republicans voting against. There are two financial deadlines looming. One is the need for Congress to fund the government. In late December 2020, Congress passed a huge bill that, among other things, funded the government through September 30. The new fiscal year starts on October 1, and if the government is not funded, it will have to...
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