
Lessons From the Obama Debt Ceiling Crisis
Politics Politics Politics
The 2013 Federal Government Shutdown and Debt Ceiling Crisis
In September, 2013, the House of Representatives drafted a bill that would delay default for approximately 12 months from its passage. The bill did not undergo voting in either the House or the Senate due to certain members of the House Republican caucus believing it didn't entail substantial enough spending cuts. And as a result, the U.S. government experienced a partial shutdown on October 1, 2013, leading to approximately 800,000 federal employees being placed on temporary leave. On October 16, the Senate approved the Continuing Appropriations Act of 2014, which funded the government until January 15, 2014 and suspended the debt ceiling until February 7, 2014. This effectively ended the 2013 federal government shutdown and debt ceiling crisis.