federal debt

The Two-Way
10:54 am
Thu October 17, 2013

As It Happened: The Fight Over The Debt Ceiling, Shutdown

Senate Minority Leader Sen. Mitch McConnell, R-Ky., walks to the Senate floor after agreeing to the framework of a deal to avoid default and reopen the government, on Capitol Hill on Wednesday.
Carolyn Kaster AP

Originally published on Wed October 16, 2013 9:23 pm

Update at 10:18 p.m.: House Approves Bill:

The crisis is over. With about two hours before the country reached the debt ceiling, the House has approved the bill and it is now it's way to the White House. We've posted separately on that development and we are putting this live blog to bed.

Our Original Post Continues:

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Planet Money
7:44 am
Wed October 16, 2013

When Will The Government Run Out Of Money?

Quoctrung Bui

Originally published on Wed October 16, 2013 11:19 am

In the course of any given month, the government collects billions of dollars in taxes, spends billions more, and borrows money to cover the difference between what it collects and what it spends.

If Congress doesn't raise the debt ceiling soon, the government won't be able to borrow money to cover the difference anymore and won't be able to pay all of its bills.

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The Two-Way
7:21 am
Tue October 15, 2013

On Capitol Hill, A Flurry Of Activity But Still No Deal

House Speaker John Boehner (center) and House Majority Whip Rep. Kevin McCarthy (right) arrive for a Republican caucus meeting at the U.S. Capitol.
Jonathan Ernst Reuters/Landov

Originally published on Tue October 15, 2013 10:16 pm

(This post was last updated at 11:05 p.m. ET)

With a little more than a day to go before the nation potentially defaults on its debts, there's still no solid plan on the table in Washington.

There was a flurry of activity on Tuesday, but it produced little significant movement.

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It's All Politics
8:30 am
Fri October 11, 2013

Trickle-Down Stories: How The Shutdown Feels Across America

A sport fishing guide in the Florida Keys protests the closure of Everglades National Park waters for fishing as part of the U.S. government shutdown.
Joe Skipper Reuters/Landov

Originally published on Fri October 11, 2013 1:25 pm

Most Americans say they aren't directly affected by the shutdown. But some pockets of society, beyond furloughed federal workers and their families, are being severely hit.

We used NPR's social media network to ask about the impact and were deluged by messages from people who are worried and scared, especially veterans and the disabled, and many others who are angry and frustrated.

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Planet Money
7:44 am
Thu October 10, 2013

Everyone The U.S. Government Owes Money To, In One Graph

Who Holds Our Debt?
Quoctrung Bui / NPR

Originally published on Thu October 10, 2013 9:58 am

If Congress doesn't raise the debt ceiling soon, the U.S. government won't be able to pay its debts. Here's who the government owes money to — all the holders of U.S. Treasury debt, broken down by category and by how much government debt they hold.

For more, see our story: What A U.S. Default Would Mean For Pensions, China And Social Security

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