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Debt Limit Reinstatement: Why This Time is Different

The debt limit is back. After a suspension of more than one year, the debt limit will be reinstated on Monday, March 16 at a level near $18.1 trillion. You may remember the long, debt-limit standoff in 2013, which began in May of that year and culminated in a partial government shutdown before the limit was suspended again in late October. It was reinstated briefly in February 2014, then suspended again until now.