2023 United States debt-ceiling crisis, the Glossary

Table of Contents

1. 100 relations: Administration (government), Alexandria Ocasio-Cortez, Andy Biggs, Arizona, Article One of the United States Constitution, Associated Press, BBC News, Brendan Boyle, Bush tax cuts, Business Insider, CBS News, Chip Roy, Chuck Schumer, CNBC, CNN, Colorado, Compromise of 1790, Congressional Budget Office, Constitution of the United States, COVID-19 pandemic in the United States, Crain Communications, Democratic Party (United States), Discharge petition, Discretionary spending, Elizabeth Warren, Fiscal year, Florida, Fourteenth Amendment to the United States Constitution, Freedom Caucus, Gramm–Rudman–Hollings Balanced Budget Act, Great Recession in the United States, History of the United States debt ceiling, Independent Democrat, Independent politician, Inflation Reduction Act, Internal Revenue Service, Iraq War, Janet Yellen, Jerome Powell, Jodey Arrington, Joe Biden, Jon Tester, Ken Buck, Kevin McCarthy, Laurence Tribe, Mark DeSaulnier, Mark Zandi, Matt Gaetz, Medicaid, Medicare (United States), ... Expand index (50 more) »

2. 118th United States Congress
3. 2023 in economic history
4. June 2023 events in the United States
5. Kevin McCarthy
6. May 2023 events in the United States

Administration (government)

The term administration, as used in the context of government, differs according to the jurisdiction under which it operates.

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Alexandria Ocasio-Cortez

Alexandria Ocasio-Cortez (born October 13, 1989), also known by her initials AOC, is an American left-wing politician and activist.

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Andy Biggs

Andrew Steven Biggs (born November 7, 1958) is an American attorney and politician who represents in the United States House of Representatives.

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Arizona

Arizona (Hoozdo Hahoodzo; Alĭ ṣonak) is a landlocked state in the Southwestern region of the United States.

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Article One of the United States Constitution

Article One of the Constitution of the United States establishes the legislative branch of the federal government, the United States Congress.

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Associated Press

The Associated Press (AP) is an American not-for-profit news agency headquartered in New York City.

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BBC News

BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world.

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Brendan Boyle

Brendan Francis Boyle (born February 6, 1977) is an American politician serving as a Democratic member of the United States House of Representatives, representing a district in the Philadelphia area since 2015.

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Bush tax cuts

The phrase Bush tax cuts refers to changes to the United States tax code passed originally during the presidency of George W. Bush and extended during the presidency of Barack Obama, through.

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Business Insider

Business Insider (stylized in all caps, shortened to BI, known from 2021 to 2023 as Insider) is a New York City–based multinational financial and business news website founded in 2007.

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CBS News

CBS News is the news division of the American television and radio broadcaster CBS.

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Chip Roy

Charles Eugene "Chip" Roy (born August 7, 1972) is an American attorney and politician serving as the U.S. representative for Texas's 21st congressional district.

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Chuck Schumer

Charles Ellis Schumer (born November 23, 1950) is an American politician serving as Senate Majority Leader since 2021 and as a United States senator from New York since 1999.

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CNBC

CNBC is an American business news channel owned by NBCUniversal News Group, a unit of Comcast's NBCUniversal.

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CNN

Cable News Network (CNN) is a multinational news channel and website operating from Midtown Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the Manhattan-based media conglomerate Warner Bros. Discovery (WBD), CNN was the first television channel to provide 24-hour news coverage and the first all-news television channel in the United States.

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Colorado

Colorado (other variants) is a landlocked state in the Mountain West subregion of the Western United States.

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Compromise of 1790

The Compromise of 1790 was a compromise among Alexander Hamilton, Thomas Jefferson, and James Madison, where Hamilton won the decision for the national government to take over and pay the state debts, and Jefferson and Madison obtained the national capital, called the District of Columbia, for the South.

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Congressional Budget Office

The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. 2023 United States debt-ceiling crisis and Congressional Budget Office are United States federal budgets.

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Constitution of the United States

The Constitution of the United States is the supreme law of the United States.

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COVID-19 pandemic in the United States

On December 31, 2019, China announced the discovery of a cluster of pneumonia cases in Wuhan. 2023 United States debt-ceiling crisis and COVID-19 pandemic in the United States are presidency of Joe Biden.

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Crain Communications

Crain Communications Inc is an American multi-industry publishing conglomerate based in Detroit, Michigan, United States, with 13 non-US subsidiaries.

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Democratic Party (United States)

The Democratic Party is one of the two major contemporary political parties in the United States.

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Discharge petition

In United States parliamentary procedure, a discharge petition is a means of bringing a bill out of committee and to the floor for consideration without a report from the committee by "discharging" the committee from further consideration of a bill or resolution.

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Discretionary spending

In American public finance, discretionary spending is government spending implemented through an appropriations bill.

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Elizabeth Warren

Elizabeth Ann Warren (née Herring; born June 22, 1949) is an American politician and former law professor who is the senior United States senator from Massachusetts, serving since 2013.

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Fiscal year

A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes.

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Florida

Florida is a state in the Southeastern region of the United States.

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Fourteenth Amendment to the United States Constitution

The Fourteenth Amendment (Amendment XIV) to the United States Constitution was adopted on July 9, 1868, as one of the Reconstruction Amendments.

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Freedom Caucus

The Freedom Caucus, also known as the House Freedom Caucus, is a congressional caucus consisting of Republican members of the United States House of Representatives.

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Gramm–Rudman–Hollings Balanced Budget Act

The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 (both often known as Gramm–Rudman) were the first binding spending constraints on the federal budget. 2023 United States debt-ceiling crisis and Gramm–Rudman–Hollings Balanced Budget Act are government finances in the United States.

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Great Recession in the United States

In the United States, the Great Recession was a severe financial crisis combined with a deep recession.

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History of the United States debt ceiling

The history of the United States debt ceiling deals with movements in the United States debt ceiling since it was created in 1917. 2023 United States debt-ceiling crisis and history of the United States debt ceiling are government finances in the United States.

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Independent Democrat

In U.S. politics, an independent Democrat is an individual who loosely identifies with the ideals of the Democratic Party but chooses not to be a formal member of the party (chooses to be an independent) or is denied the Democratic nomination in a caucus or primary election.

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Independent politician

An independent, non-partisan politician or non-affiliated politician is a politician not affiliated with any political party or bureaucratic association.

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Inflation Reduction Act

The Inflation Reduction Act of 2022 (IRA) is a landmark United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. 2023 United States debt-ceiling crisis and Inflation Reduction Act are presidency of Joe Biden.

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Internal Revenue Service

The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law.

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Iraq War

The Iraq War, sometimes called the Second Persian Gulf War, or Second Gulf War was a protracted armed conflict in Iraq from 2003 to 2011. It began with the invasion of Iraq by the United States-led coalition that overthrew the Ba'athist government of Saddam Hussein. The conflict continued for much of the next decade as an insurgency emerged to oppose the coalition forces and the post-invasion Iraqi government.

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Janet Yellen

Janet Louise Yellen (born August 13, 1946) is an American economist serving as the 78th United States secretary of the treasury since January 26, 2021.

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Jerome Powell

Jerome Hayden "Jay" Powell (born February 4, 1953) is an American attorney and investment banker who has served since 2018 as the 16th chair of the Federal Reserve.

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Jodey Arrington

Jodey Cook Arrington (born March 9, 1972) is an American politician serving as the U.S. representative for.

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Joe Biden

Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who is the 46th and current president of the United States since 2021.

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Jon Tester

Raymond Jon Tester (born August 21, 1956) is an American politician and farmer serving as the senior United States senator from Montana, elected in 2006.

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Ken Buck

Kenneth Robert Buck (born February 16, 1959) is an American lawyer and politician who represented Colorado's 4th congressional district in the United States House of Representatives from 2015 until his resignation in 2024.

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Kevin McCarthy

Kevin Owen McCarthy (born January 26, 1965) is an American politician who served as the 55th speaker of the United States House of Representatives from January to October 2023.

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Laurence Tribe

Laurence Henry Tribe (born October 10, 1941) is an American legal scholar who is a University Professor Emeritus at Harvard University.

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Mark DeSaulnier

Mark James DeSaulnier (born March 31, 1952) is an American politician who has served as a U.S. representative from California since 2015.

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Mark Zandi

Mark M. Zandi (born 1959) is an American economist who is the chief economist of Moody's Analytics, where he directs economic research.

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Matt Gaetz

Matthew Louis Gaetz II (born May 7, 1982) is an American lawyer and politician who has served as the U.S. representative for since 2017.

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Medicaid

In the United States, Medicaid is a government program that provides health insurance for adults and children with limited income and resources.

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Medicare (United States)

Medicare is a federal health insurance program in the United States for people age 65 or older and younger people with disabilities, including those with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease).

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Medicare Part D

Medicare Part D, also called the Medicare prescription drug benefit, is an optional United States federal-government program to help Medicare beneficiaries pay for self-administered prescription drugs.

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Mike Castle

Michael Newbold Castle (born July 2, 1939) is an American lawyer and politician who served as the 69th Governor of Delaware from 1985 to 1992 and as the U.S. representative from from 1993 to 2011.

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Mitch McConnell

Addison Mitchell McConnell III (born February 20, 1942) is an American politician and retired attorney who has been serving as senate minority leader since 2021 and the senior United States senator from Kentucky since 1985, the longest serving senator in his state's history.

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Mountain Valley Pipeline

The Mountain Valley Pipeline (MVP) is a completed natural gas pipeline constructed from northwestern West Virginia to southern Virginia.

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National debt of the United States

The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders. 2023 United States debt-ceiling crisis and national debt of the United States are economy of the United States, government finances in the United States and United States federal budgets.

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National Environmental Policy Act

The National Environmental Policy Act (NEPA) is a United States environmental law designed to promote the enhancement of the environment.

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National Review

National Review is an American conservative editorial magazine, focusing on news and commentary pieces on political, social, and cultural affairs.

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North Carolina

North Carolina is a state in the Southeastern and Mid-Atlantic regions of the United States.

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NPR

National Public Radio (NPR, stylized as npr) is an American public broadcasting organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California.

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Office of Management and Budget

The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States (EOP). 2023 United States debt-ceiling crisis and office of Management and Budget are United States federal budgets.

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Oval Office

The Oval Office is the formal working space of the president of the United States.

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Party leaders of the United States Senate

The positions of majority leader and minority leader are held by two United States senators and people of the party leadership of the United States Senate.

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Patrick McHenry

Patrick Timothy McHenry (born October 22, 1975) is an American politician currently serving as U.S. representative for since 2005, which includes the communities of Hickory and Mooresville.

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Paul Krugman

Paul Robin Krugman (born February 28, 1953) is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York and a columnist for The New York Times.

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PAYGO

PAYGO (Pay As You GO) is the practice in the United States of financing expenditures with funds that are currently available rather than borrowed. 2023 United States debt-ceiling crisis and PAYGO are government finances in the United States and United States federal budgets.

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Presidency of Donald Trump

Donald Trump's tenure as the 45th president of the United States began with his inauguration on January20, 2017, and ended on January20, 2021.

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Ralph Norman

Ralph Warren Norman Jr. (born June 20, 1953) is an American real estate developer and politician who has served as the U.S. representative for since 2017.

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Republican Party (United States)

The Republican Party, also known as the GOP (Grand Old Party), is one of the two major contemporary political parties in the United States.

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Seigniorage

Seigniorage, also spelled seignorage or seigneurage, is the difference between the value of money and the cost to produce and distribute it.

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Senate Democratic Caucus

The Democratic Caucus of the United States Senate, sometimes referred to as the Democratic Conference, is the formal organization of all senators who are part of the Democratic Party in the United States Senate.

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Sherrod Brown

Sherrod Campbell Brown (born November 9, 1952) is an American politician who is the senior United States senator from Ohio, a seat which he has held since 2007.

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In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA).

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Speaker of the United States House of Representatives

The speaker of the United States House of Representatives, commonly known as the speaker of the House, is the presiding officer of the United States House of Representatives.

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Student loans in the United States

In the United States, student loans are a form of financial aid intended to help students access higher education.

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In the United States, the Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp Program, is a federal government program that provides food-purchasing assistance for low- and no-income people to help them maintain adequate nutrition and health.

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Supreme Court of the United States

The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States.

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Tax Cuts and Jobs Act

The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,, is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), that amended the Internal Revenue Code of 1986.

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Tennessee

Tennessee, officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States.

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Texas

Texas (Texas or Tejas) is the most populous state in the South Central region of the United States.

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The New York Times

The New York Times (NYT) is an American daily newspaper based in New York City.

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Tim Burchett

Timothy Floyd Burchett (born August 25, 1964) is an American politician who is the U.S. representative for, based in Knoxville, serving since 2019.

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Trillion-dollar coin

The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. 2023 United States debt-ceiling crisis and trillion-dollar coin are economy of the United States and government finances in the United States.

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Twitter

X, commonly referred to by its former name Twitter, is a social networking service.

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United States Congress

The United States Congress, or simply Congress, is the legislature of the federal government of the United States.

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United States debt ceiling

In the United States, the debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may pay by borrowing more money, on the debt it already borrowed.

See 2023 United States debt-ceiling crisis and United States debt ceiling

United States dollar

The United States dollar (symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.

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United States federal budget

The United States budget comprises the spending and revenues of the U.S. federal government. 2023 United States debt-ceiling crisis and United States federal budget are United States federal budgets.

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United States Government Publishing Office

The United States Government Publishing Office (USGPO or GPO), formerly the United States Government Printing Office, is an agency of the legislative branch of the United States Federal government.

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United States House Committee on Rules

The Committee on Rules, or more commonly, the Rules Committee, is a committee of the United States House of Representatives.

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United States House Committee on Ways and Means

The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives.

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United States House of Representatives

The United States House of Representatives is the lower chamber of the United States Congress, with the Senate being the upper chamber.

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United States Mint

The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion.

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United States Secretary of the Treasury

The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States.

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United States Senate

The United States Senate is the upper chamber of the United States Congress.

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War in Afghanistan (2001–2021)

The War in Afghanistan was an armed conflict that took place from 2001 to 2021. 2023 United States debt-ceiling crisis and war in Afghanistan (2001–2021) are presidency of Joe Biden.

See 2023 United States debt-ceiling crisis and War in Afghanistan (2001–2021)

1995–1996 United States federal government shutdowns

As a result of conflicts between Democratic President Bill Clinton and the Republican Congress over funding for education, the environment, and public health in the 1996 federal budget, the United States federal government shut down from November 14 through November 19, 1995, and from December 16, 1995, to January 6, 1996, for 5 and 21 days, respectively. 2023 United States debt-ceiling crisis and 1995–1996 United States federal government shutdowns are government finances in the United States.

See 2023 United States debt-ceiling crisis and 1995–1996 United States federal government shutdowns

2011 United States debt-ceiling crisis

In 2011, ongoing political debate in the United States Congress about the appropriate level of government spending and its effect on the national debt and deficit reached a crisis centered on raising the debt ceiling, leading to the passage of the Budget Control Act of 2011. 2023 United States debt-ceiling crisis and 2011 United States debt-ceiling crisis are economy of the United States, government finances in the United States and United States federal budgets.

See 2023 United States debt-ceiling crisis and 2011 United States debt-ceiling crisis

2013 United States debt-ceiling crisis

In January 2013, the United States reached the, at the time, debt ceiling of $16.394 trillion that had been enacted following a crisis in 2011. 2023 United States debt-ceiling crisis and 2013 United States debt-ceiling crisis are economy of the United States, government finances in the United States and United States federal budgets.

See 2023 United States debt-ceiling crisis and 2013 United States debt-ceiling crisis

2023 United States banking crisis

The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government ultimately intervening in several ways. 2023 United States debt-ceiling crisis and 2023 United States banking crisis are 2023 in economic history, may 2023 events in the United States and presidency of Joe Biden.

See 2023 United States debt-ceiling crisis and 2023 United States banking crisis

2023 United States debt-ceiling crisis

On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U.S. government accrues. 2023 United States debt-ceiling crisis and 2023 United States debt-ceiling crisis are 118th United States Congress, 2023 controversies in the United States, 2023 in American politics, 2023 in economic history, Biden administration controversies, economy of the United States, government finances in the United States, June 2023 events in the United States, Kevin McCarthy, may 2023 events in the United States, presidency of Joe Biden and United States federal budgets.

See 2023 United States debt-ceiling crisis and 2023 United States debt-ceiling crisis

See also

118th United States Congress

• 118th United States Congress
• 2022 United States House of Representatives elections
• 2022 United States Senate elections
• 2023 State of the Union Address
• 2023 United States Congress hearing on antisemitism
• 2023 United States House of Representatives elections
• 2023 United States debt-ceiling crisis
• 2024 State of the Union Address
• 2024 United States House of Representatives elections
• 2024 United States Senate elections
• 2024 United States federal budget
• Alexander Smirnov (FBI informant)
• Efforts to impeach Joe Biden
• Impeachment of Alejandro Mayorkas
• January 2023 Speaker of the United States House of Representatives election
• List of United States senators in the 118th Congress
• List of current members of the United States House of Representatives
• List of members of the United States House of Representatives in the 118th Congress by seniority
• List of new members of the 118th United States Congress
• October 2023 Speaker of the United States House of Representatives election
• Removal of Kevin McCarthy as Speaker of the House
• United States House Judiciary Select Subcommittee on the Weaponization of the Federal Government
• United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party

2023 in economic history

• 2018–present Argentine monetary crisis
• 2020s commercial real estate distress
• 2021–2023 inflation surge
• 2022–2023 Philippine onion crisis
• 2022–2023 Russia–European Union gas dispute
• 2023 United States banking crisis
• 2023 United States debt-ceiling crisis
• APEC United States 2023
• Acquisition of Activision Blizzard by Microsoft
• Bud Light boycott
• Carbon Border Adjustment Mechanism
• Collapse of Silicon Valley Bank
• Debt restructuring in Sri Lanka
• Economic impact of the Israel–Hamas war
• Global energy crisis (2021–2023)
• Great Resignation
• Lebanese economic crisis bank robberies and sit-ins
• Lebanese liquidity crisis
• Pakistani economic crisis (2022–present)
• Retail apocalypse
• Sri Lankan economic crisis (2019–present)
• Turkish economic crisis (2018–current)
• World food crises (2022–present)

June 2023 events in the United States

• 2023 Cherokee Nation tribal council elections
• 2023 Interstate 95 highway collapse
• 2023 Mexico Meningitis outbreak
• 2023 United States debt-ceiling crisis
• 2023 Virginia plane crash
• 2023 Writers Guild of America strike
• 2023 Yellowstone River train derailment
• 5th Critics' Choice Real TV Awards
• 76th Tony Awards
• AEW Collision debut episode
• BET Awards 2023
• Crockett Cup (2023)
• David Grusch UFO whistleblower claims
• Disneyland After Dark: Pride Nite
• Federal prosecution of Donald Trump (classified documents case)
• List of United States tornadoes in June 2023
• List of killings by law enforcement officers in the United States, June 2023
• Murder of Jailyn Candelario
• Pika Fire
• Timeline of the Joe Biden presidency (2023 Q2)
• Tornado outbreak sequence of June 14–19, 2023
• Tornado outbreak sequence of June 20–26, 2023
• Trial of YNW Melly
• United States abortion protests (2022–present)

Kevin McCarthy

• 2019 Speaker of the United States House of Representatives election
• 2021 Speaker of the United States House of Representatives election
• 2023 United States debt-ceiling crisis
• 2024 United States federal budget
• California's 20th congressional district
• California's 22nd congressional district
• California's 23rd congressional district
• Electoral history of Kevin McCarthy
• Impeachment inquiry into Joe Biden
• January 2023 Speaker of the United States House of Representatives election
• Kevin McCarthy
• MCCARTHY Shutdown Act
• October 2015 Speaker of the United States House of Representatives election
• October 2023 Speaker of the United States House of Representatives election
• Political positions of Kevin McCarthy
• Proposed expungements of the impeachments of Donald Trump
• Removal of Kevin McCarthy as Speaker of the House
• Sedition Caucus

May 2023 events in the United States

• 2023 Lafayette Square U-Haul crash
• 2023 MTV Movie & TV Awards
• 2023 Pulitzer Prize
• 2023 Target Pride Month merchandise backlash
• 2023 United States banking crisis
• 2023 United States debt-ceiling crisis
• 2023 WWE Draft
• 2023 Western North America heat wave
• 2023 Writers Guild of America strike
• 58th Academy of Country Music Awards
• Axiom Mission 2
• Backlash (2023)
• CNN Republican Town Hall with Donald Trump
• Davenport apartment collapse
• Double or Nothing (2023)
• Drag Isn't Dangerous
• Killing of Jordan Neely
• List of killings by law enforcement officers in the United States, May 2023
• NXT Battleground (2023)
• Shooting of Aderrien Murry
• Timeline of the Joe Biden presidency (2023 Q2)
• Typhoon Mawar
• United States abortion protests (2022–present)
• Virgin Galactic Unity 25

References

[1] https://en.wikipedia.org/wiki/2023_United_States_debt-ceiling_crisis

Also known as 2023 United States debt-ceiling standoff, 2023 debt ceiling crisis, 2023 debt-ceiling crisis, 2023 debt-ceiling standoff, Fiscal Responsibility Act of 2023.

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