What was the 2011 debt ceiling crisis?
Republicans have recently flipped the House of Representatives and are looking to use that control to pile pressure on a Democratic President, still in his first term in office, who passed a controversial spending package the year before. Sound familiar?
Not only is that the situation that Washington finds itself in now, but it was also the context for the debt ceiling crisis of 2011. The United States came closer to defaulting on its debt obligations than it has done in decades, before a compromise was eventually struck. There are concerns that this time around, with Congress increasingly partisan, tensions could be raised even further.
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