https://urgentcomm.com/wp-content/themes/ucm_child/assets/images/logo/footer-new-logo.png
  • Home
  • News
  • Multimedia
    • Back
    • Multimedia
    • Video
    • Podcasts
    • Galleries
    • IWCE’s Video Showcase
    • IWCE 2022 Winter Showcase
    • IWCE 2023 Pre-event Guide
  • Commentary
    • Back
    • Commentary
    • Urgent Matters
    • View From The Top
    • All Things IWCE
    • Legal Matters
  • Resources
    • Back
    • Resources
    • Webinars
    • White Papers
    • Reprints & Reuse
  • IWCE
    • Back
    • IWCE
    • Conference
    • Special Events
    • Exhibitor Listings
    • Premier Partners
    • Floor Plan
    • Exhibiting Information
    • Register for IWCE
  • About Us
    • Back
    • About Us
    • Contact Us
    • Advertise
    • Terms of Service
    • Privacy Statement
    • Cookie Policy
  • Related Sites
    • Back
    • American City & County
    • IWCE
    • Light Reading
    • IOT World Today
    • Mission Critical Technologies
    • TU-Auto
  • In the field
    • Back
    • In the field
    • Broadband Push-to-X
    • Internet of Things
    • Project 25
    • Public-Safety Broadband/FirstNet
    • Virtual/Augmented Reality
    • Land Mobile Radio
    • Long Term Evolution (LTE)
    • Applications
    • Drones/Robots
    • IoT/Smart X
    • Software
    • Subscriber Devices
    • Video
  • Call Center/Command
    • Back
    • Call Center/Command
    • Artificial Intelligence
    • NG911
    • Alerting Systems
    • Analytics
    • Dispatch/Call-taking
    • Incident Command/Situational Awareness
    • Tracking, Monitoring & Control
  • Network Tech
    • Back
    • Network Tech
    • Interoperability
    • LMR 100
    • LMR 200
    • Backhaul
    • Deployables
    • Power
    • Tower & Site
    • Wireless Networks
    • Coverage/Interference
    • Security
    • System Design
    • System Installation
    • System Operation
    • Test & Measurement
  • Operations
    • Back
    • Operations
    • Critical Infrastructure
    • Enterprise
    • Federal Government/Military
    • Public Safety
    • State & Local Government
    • Training
  • Regulations
    • Back
    • Regulations
    • Narrowbanding
    • T-Band
    • Rebanding
    • TV White Spaces
    • None
    • Funding
    • Policy
    • Regional Coordination
    • Standards
  • Organizations
    • Back
    • Organizations
    • AASHTO
    • APCO
    • DHS
    • DMR Association
    • ETA
    • EWA
    • FCC
    • IWCE
    • NASEMSO
    • NATE
    • NXDN Forum
    • NENA
    • NIST/PSCR
    • NPSTC
    • NTIA/FirstNet
    • P25 TIG
    • TETRA + CCA
    • UTC
Urgent Communications
  • NEWSLETTER
  • Home
  • News
  • Multimedia
    • Back
    • Video
    • Podcasts
    • Omdia Crit Comms Circle Podcast
    • Galleries
    • IWCE’s Video Showcase
    • IWCE 2023 Pre-event Guide
    • IWCE 2022 Winter Showcase
  • Commentary
    • Back
    • All Things IWCE
    • Urgent Matters
    • View From The Top
    • Legal Matters
  • Resources
    • Back
    • Webinars
    • White Papers
    • Reprints & Reuse
    • UC eZines
    • Sponsored content
  • IWCE
    • Back
    • Conference
    • Why Attend
    • Exhibitor Listing
    • Floor Plan
    • Exhibiting Information
    • Join the Event Mailing List
  • About Us
    • Back
    • About Us
    • Contact Us
    • Advertise
    • Cookie Policy
    • Terms of Service
    • Privacy Statement
  • Related Sites
    • Back
    • American City & County
    • IWCE
    • Light Reading
    • IOT World Today
    • TU-Auto
  • newsletter
  • In the field
    • Back
    • Internet of Things
    • Broadband Push-to-X
    • Project 25
    • Public-Safety Broadband/FirstNet
    • Virtual/Augmented Reality
    • Land Mobile Radio
    • Long Term Evolution (LTE)
    • Applications
    • Drones/Robots
    • IoT/Smart X
    • Software
    • Subscriber Devices
    • Video
  • Call Center/Command
    • Back
    • Artificial Intelligence
    • NG911
    • Alerting Systems
    • Analytics
    • Dispatch/Call-taking
    • Incident Command/Situational Awareness
    • Tracking, Monitoring & Control
  • Network Tech
    • Back
    • Cybersecurity
    • Interoperability
    • LMR 100
    • LMR 200
    • Backhaul
    • Deployables
    • Power
    • Tower & Site
    • Wireless Networks
    • Coverage/Interference
    • Security
    • System Design
    • System Installation
    • System Operation
    • Test & Measurement
  • Operations
    • Back
    • Critical Infrastructure
    • Enterprise
    • Federal Government/Military
    • Public Safety
    • State & Local Government
    • Training
  • Regulations
    • Back
    • Narrowbanding
    • T-Band
    • Rebanding
    • TV White Spaces
    • None
    • Funding
    • Policy
    • Regional Coordination
    • Standards
  • Organizations
    • Back
    • AASHTO
    • APCO
    • DHS
    • DMR Association
    • ETA
    • EWA
    • FCC
    • IWCE
    • NASEMSO
    • NATE
    • NXDN Forum
    • NENA
    • NIST/PSCR
    • NPSTC
    • NTIA/FirstNet
    • P25 TIG
    • TETRA + CCA
    • UTC
acc.com

Funding


Partner content

Drawn-out congressional debt-ceiling debate could have negative implications for cities

Drawn-out congressional debt-ceiling debate could have negative implications for cities

  • Written by Andy Castillo / American City & County
  • 18th September 2021

An ongoing debate in Washington, D.C. about increasing the amount of money the nation’s Treasury Department can borrow to pay its bills is largely smoke and mirrors. At the end of the day, the federal government has an obligation to its people—defaulting on payments would have catastrophic economic consequences. But lengthy debate surrounding the subject has historically dampened the economy even if the ceiling is eventually raised.

The nation’s debt ceiling was first established in 1939 and, since the 1960s, has been raised by Congress 78 times—49 times under Republican presidents, including three times during Donald Trump’s administration, and 29 times under Democratic leadership. Most recently, Congress acted in 2019 to suspend the ceiling for a few years when it hit $22 trillion. That suspension ended in July and the ceiling was reinstated Aug. 1 at around $28.5 trillion, including debt held by the public and the government. 

Since then, without the ability to take on more debt, the Treasury Department has been taking what’s known as extraordinary measures to make sure payments continue—legal actions that include shuffling around funds, prematurely redeeming bonds (reinstating them later with interest) and withholding contributions from certain government pension funds, among other things. 

The clock is ticking. 

In a letter submitted to Congress this month, Treasury Secretary Janet Yellen estimated that “cash and extraordinary measures will be exhausted during the month of October.” If the ceiling hasn’t been raised by then, the government will default on its debt. For now, the Senate is in a deadlock. Democrats hold a simple majority and could raise the ceiling by tacking it onto a different spending bill, without the support of their across-the-aisle colleagues. But they don’t want to do it alone and Republicans are currently refusing to budge. Historically, debt ceiling votes have been leveraged to push through other agenda items and score political points.  

A governmental default on payments is unprecedented.  

To read the complete article, visit American City & County.

 

Tags: Critical Infrastructure Federal Government/Military Funding News Policy Public Safety State & Local Government Partner content

Most Recent


  • Indoor 5G and how to solve it
    We all know the problem: mobile phone service is working fine … until you move indoors. Then, sometimes it works (you don’t notice), sometimes it sort of works (meh) and sometimes it clings on by one tiny bar or drops out entirely (argh). Diagnosing the problem is relatively simple. The loss of mobile service indoors […]
  • Honeywell releases cybersecurity, smart-building tools
    Honeywell has released a series of new tools aimed at improving operational efficiency and sustainability, including an operational technology (OT) cybersecurity tool and a smart building management system. The new cybersecurity tool, Cyber Insights, collects information from multiple OT data sources to identify vulnerabilities and threats.  “Organizations should leverage technology to address worker shortages, while […]
  • Small-cell focus still largely on densification, but private-network opportunity growing
    Some big ambitions for small cells were on display during the annual Small Cell World Summit in London this week. But it’s worth remembering that on the ground, their deployment is still at a relatively early stage. Dean Bubley of Disruptive Analysis, who chaired a panel addressing the issues of value creation and monetization, summarized […]
  • How to leverage digital tools to drive innovation in government
    The rapid evolution of digital technologies transformed the way governments function, making them more efficient, transparent and citizen-friendly. Rather than relying on crystal trophies, governments can leverage digital tools to drive innovation and streamline processes, benefiting the population they serve. Open data and crowdsourcing Open data refers to making government data available to the public, […]

Leave a comment Cancel reply

To leave a comment login with your Urgent Comms account:

Log in with your Urgent Comms account

Or alternatively provide your name, email address below:

Your email address will not be published. Required fields are marked *

Related Content

  • New Cooperative's ransomware attack underscores threat to food and agriculture
  • Motorola Solutions logo
    Motorola Solutions files cross-appeal against Hytera, seeks permanent injunction again
  • Evergy becomes third utility to sign long-term spectrum lease with Anterix
  • ISPs suffer losses and make plans in face of climate crisis

Commentary


Updated: How ‘sidelink’ peer-to-peer communications can enhance public-safety operations

  • 1
27th February 2023

NG911 needed to secure our communities and nation

24th February 2023

How 5G is making cities safer, smarter, and more efficient

26th January 2023
view all

Events


UC Ezines


IWCE 2019 Wrap Up

13th May 2019
view all

Twitter


UrgentComm

Indoor 5G and how to solve it dlvr.it/SpxKkN

31st May 2023
UrgentComm

Honeywell releases cybersecurity, smart-building tools dlvr.it/SpwxqH

31st May 2023
UrgentComm

Small-cell focus still largely on densification, but private-network opportunity growing dlvr.it/SpwxBs

31st May 2023
UrgentComm

How to leverage digital tools to drive innovation in government dlvr.it/Spwfdg

31st May 2023
UrgentComm

NTIA head Davidson calls FirstNet a ‘success story,’ supports reauthorization before 2027 sunset dlvr.it/SpsWW9

30th May 2023
UrgentComm

How AT&T won DFW Airport’s $10 million private 5G business dlvr.it/Spj4Pt

27th May 2023
UrgentComm

Russia’s war in Ukraine shows cyberattacks can be war crimes dlvr.it/Spj3c2

27th May 2023
UrgentComm

FCC grants 700 MHz Band 14 license renewal to FirstNet Authority dlvr.it/Spj2Ny

27th May 2023

Newsletter

Sign up for UrgentComm’s newsletters to receive regular news and information updates about Communications and Technology.

Expert Commentary

Learn from experts about the latest technology in automation, machine-learning, big data and cybersecurity.

Business Media

Find the latest videos and media from the market leaders.

Media Kit and Advertising

Want to reach our digital and print audiences? Learn more here.

DISCOVER MORE FROM INFORMA TECH

  • American City & County
  • IWCE
  • Light Reading
  • IOT World Today
  • Mission Critical Technologies
  • TU-Auto

WORKING WITH US

  • About Us
  • Contact Us
  • Events
  • Careers

FOLLOW Urgent Comms ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2023 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.