President Signs Law Temporarily Suspending Federal Debt Ceiling

March 5, 2014

President Signs Law Temporarily Suspending Federal Debt Ceiling

On February 15, 2014, President Barack Obama signed the “Temporary Debt Limit Extension Act” (Pub. L. 113-83) into law. This new law suspends the current federal debt ceiling of $17.2 trillion through March 15, 2015. The act provides that the outstanding amount of debt in existence as of March 16, 2015, will be the new debt limit. 






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