Temporary Debt Limit Extension Act 2014

Law Financial services Law

Date: 21st Nov, 2024 Source: Congress.gov Country: USA Original Source

Brief

'The Temporary Debt Limit Extension Act' was enacted on February 15, 2014, to temporarily extend the public debt limit until March 15, 2015. The act allowed for necessary government obligations and prohibited the creation of a cash reserve during this period. It also ensured that congressional authority over the national debt was restored after the extension expired.

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