Federal Budget & Debt: Funding the Nation’s Priorities
Student Worksheet
Japan's debt-to-GDP ratio tops 250 percent, and low rates keep its financing manageable even as the U.S. ratio climbed above 130 percent since the pandemic. Stock indices fell more than 16 percent in the two weeks after the 2011 credit downgrade warning, and the Budget Control Act that followed raised the ceiling by $2.1 trillion while locking in $917 billion of future cuts through sequestration.
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