The United States government is facing a fiscal cliff on April 28. The most recent government spending law, which was negotiated between John Boehner and Barack Obama in October of 2015, expired on March 15 of this year. Since 1960, Congress has acted on 78 different occasions to either raise or extend the debt limit, or to change its definition. In the next four weeks they must do so again or risk default. In 2011, lawmakers failed to do so on time, which resulted in S&P downgrading the US government's credit rating for the first time in history.

The reason why this issue has importance now is because of the unusual levels of contentiousness within the Congress. In order to raise the debt ...

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