What measures did the Treasury take to avoid a default after the debt limit was reinstated?
Yellen Says It Would Be a ‘Catastrophe’ if Debt Ceiling Isn’t Raised

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reduced government spending
Extraordinary measures
Increased taxes
Borrowed from international banks
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main political issue discussed regarding the debt ceiling?
The impact of international trade agreements
The need for a new fiscal plan
Democrats seeking Republican support to raise the debt ceiling
Republicans wanting to lower taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does Secretary Yellen believe raising the debt ceiling should be a bipartisan effort?
To increase government spending
To reduce the national debt
Because both parties have historically contributed to budget deficits
To ensure future tax plans are enacted
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical context is provided to support the need for bipartisanship in raising the debt ceiling?
Neither party has run budget deficits in the post-war period
Both parties have run budget deficits in the post-war period
Only Republican administrations have run budget deficits
Only Democratic administrations have run budget deficits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the nature of the outreach from the current administration regarding the debt ceiling?
A detailed fiscal plan was proposed
A reduction in government spending was discussed
A request for bipartisan support was made
An increase in taxes was suggested
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