U.S. debt ceiling timeline 2011

Tuesday, Aug. 2

Monday, Aug. 1

Sunday, July 31

  • President Obama announced that a bipartisan debt limit compromise was reached. The compromise will raise the debt ceiling to $2.1 trillion, providing the Treasury Department with enough cash to pay the government’s bills until 2013. The compromise will authorize $1 trillion in immediate cuts to domestic and defense spendings over the course of 10 years. Another $1.5 trillion in cuts will be determined by a bipartisan congressional committee by Nov. 23. Congress will have until Dec. 23 to pass the bipartisan committee’s plan. Failure to do so will trigger $1.5 trillion in automatic cuts and split 50/50 between domestic and defense spendings.

Saturday, July 30

Friday, July 29

Thursday, July 28

Wednesday, July 27

Tuesday, July 26

Monday, July 25

Tuesday, July 19

Tuesday, July 12

Monday, July 11

Thursday, June 23, 2011

Tuesday, May 31

Monday, May 16

Thursday, May 5 – Thursday, June 23

Tuesday, March 1

Thursday, February 3

Thursday, January 6