Federal budget: Clinton signs debt-limit increase

Article Abstract:

Pres Clinton approved an increase in the debt ceiling on Mar 12, 1996, in an effort to prevent the federal government from closing down for the third time since Nov 1995. The closure would have occurred if the US could not borrow any more money. Republicans previously declined any increases.

Economic policy, Budget deficits

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Partial government shutdown ends

Article Abstract:

The 21-day government shutdown ended on Jan 6, 1996, after Pres Clinton signed a continuing resolution that restored funding to federal agencies and programs. The budget includes a provision to eliminate the deficit by 2002. Around 280,000 workers had been furloughed during the shutdown.

Compensation and benefits, Government spending policy, United States. Congress, Public employees, Government employees

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