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Debt ceiling increases since 1940

Debt ceiling increases since 1940

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How often, and by how much, Congress upped the debt ceiling since 1940? A lot and a lot.
How often, and by how much, Congress upped the debt ceiling since 1940? A lot and a lot.

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Published by: Michael Lindenberger on Oct 16, 2013
Copyright:Attribution Non-commercial

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12/12/2013

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Statute Date
54 Stat. 526June 25, 194055 Stat. 7February 19, 194156 Stat. 189March 28, 194257 Stat. 63April 11, 194358 Stat. 272June 9, 194459 Stat. 47April 3, 194560 Stat. 316June 26, 194668 Stat. 895August 28, 195469 Stat. 241June 30, 195570 Stat. 519July 9, 195672 Stat. 27February 26, 195872 Stat. 1758September 2, 195873 Stat. 156June 30, 195974 Stat. 290June 30, 196075 Stat. 148June 30, 196176 Stat. 23March 13, 196276 Stat. 124July 1, 196277 Stat. 50May 29, 196377 Stat. 131August 27, 196377 Stat. 342November 26, 196378 Stat. 225June 29, 196479 Stat. 172June 24, 196580 Stat. 221June 24, 196681 Stat. 4March 2, 196781 Stat. 99June 30, 196783 Stat. 7April 7, 196984 Stat. 368June 30, 197085 Stat. 5March 17, 197186 Stat. 63March 15, 197286 Stat. 406July 1, 197286 Stat. 1324October 27, 197287 Stat. 134July 1, 197387 Stat. 691December 3, 197388 Stat. 285June 30, 197489 Stat. 5February 19, 1975
 
 
Statute
54 Stat. 52655 Stat. 756 Stat. 18957 Stat. 6358 Stat. 27259 Stat. 4760 Stat. 31668 Stat. 89569 Stat. 24170 Stat. 51972 Stat. 2772 Stat. 175873 Stat. 15674 Stat. 29075 Stat. 14876 Stat. 2376 Stat. 12477 Stat. 5077 Stat. 13177 Stat. 34278 Stat. 22579 Stat. 17280 Stat. 22181 Stat. 481 Stat. 9983 Stat. 784 Stat. 36885 Stat. 586 Stat. 6386 Stat. 40686 Stat. 132487 Stat. 13487 Stat. 69188 Stat. 28589 Stat. 5
 
Description
 Amended sec. 21, adding new authority for issuance of $4 billion National Defense Series obligatio Amended sec. 21, eliminating authority for $4 billion of National Defense Series obligations and incr  Amended sec. 21, increasing limitation to Amended sec. 21, increasing limitation to Amended sec. 21, increasing limitation to Amended sec. 21, including obligations guaranteed as to principal and interest by the United Stateslimitation to Amended sec. 21, defining face amount of savings bonds to be current redemption value and decreIncreasing sec. 21 limitation by $6 billion during period beginning August 28, 1954, and ending June Amended act of August 28, 1954, extending increase in limitation until June 30, 1956Increased sec. 21 limitation by $3 billion during period beginning July 1, 1956, and ending June 30,Temporary increase terminated July 1, 1957, and limitation reverted toIncreased sec. 21 limitation by $5 billion during period beginning February 26, 1958, and ending Ju Amended sec. 21, increasing limitation to $283 billion, which with temporary increase of February 2 Amended sec. 21, increasing limitation to $285 billion and increased sec. 21 limitation by $10 billionbeginning July 1, 1959, and ending June 30, 1960Increased sec. 21 limitation by $8 billion during period beginning July 1, 1960, and ending June 30,Increased sec. 21 limitation by $13 billion during period beginning July 1, 1961, and ending June 30Increased sec. 21 limitation by $2 billion (in addition to temporary increase of $13 billion in act of Juperiod beginning March 13, 1962, and ending June 30, 1962Increased sec. 21 limitation during the periods:(1) beginning July 1, 1962, and ending March 31, 1963, to(2) beginning April 1, 1963, and ending June 24, 1963, to(3) beginning June 25, 1963, and ending June 30, 1963, toIncreased sec. 21 limitation during the periods:(1) beginning May 29, 1963, and ending June 30, 1963, to(2) beginning July 1, 1963, and ending August 31, 1963, toIncreased sec. 21 limitation during the period beginning September 1, 1963, and ending November Increased sec. 21 limitation during the periods:(1) beginning December 1, 1963, and ending June 29, 1964, to(2) ending June 30, 1964, toIncreased sec. 21 limitation during the period beginning June 29, 1964, and ending June 30, 1965,Increased sec. 21 limitation during the period beginning July 1, 1965, and ending June 30, 1966, toIncreased sec. 21 limitation during the period beginning July 1, 1966, and ending June 30, 1967, toIncreased sec. 21 limitation during the period beginning March 2, 1967, and ending June 30, 1967,Sec. 21 amended to increase limitation on aggregate outstanding at any time toSec. 21 amended also to increase the limitation temporarily, beginning July 1, 1968, and each Julyperiod beginning July 1 and ending June 29 of each succeeding calendar year by $7 billion, providin Amended sec. 21, increasing limitation to $365 billion, and increased sec. 21 limitation by $12 billiobeginning April 7, 1969, and ending June 30, 1970 Amended sec. 21, increasing limitation to $380 billion, and increased sec. 21 limitation by $15 billiobeginning July 1, 1970, and ending June 30, 1971 Amended sec. 21, increasing limitation to $400 billion, and increased sec. 21 limitation by $30 billiobeginning March 17, 1971, and ending June 30, 1972 Amended sec. 21, to further increase the limitation temporarily by $20 billion during period beginninending June 30, 1972 Amended act of March 15, 1972, striking out June 30, 1972, and inserting in lieu thereof October 31Increased sec. 21 limitation during the period beginning November 1, 1972, and ending June 30, 19 Amended act of October 27, 1972, striking out June 30, 1973, and inserting in lieu thereof NovembIncreased sec. 21 limitation during the period beginning December 3, 1973, and ending June 30, 19Increased sec. 21 limitation during the period beginning June 30, 1974, and ending March 31, 1975Increased sec. 21 limitation during the period beginning February 19, 1975, and ending June 30, 19
Table 7.3—STATUTORY LIMITS ON FEDERAL DEBT: 1940–CURRENT
(Dollar amounts in billions)
 
Statute
54 Stat. 52655 Stat. 756 Stat. 18957 Stat. 6358 Stat. 27259 Stat. 4760 Stat. 31668 Stat. 89569 Stat. 24170 Stat. 51972 Stat. 2772 Stat. 175873 Stat. 15674 Stat. 29075 Stat. 14876 Stat. 2376 Stat. 12477 Stat. 5077 Stat. 13177 Stat. 34278 Stat. 22579 Stat. 17280 Stat. 22181 Stat. 481 Stat. 9983 Stat. 784 Stat. 36885 Stat. 586 Stat. 6386 Stat. 40686 Stat. 132487 Stat. 13487 Stat. 69188 Stat. 28589 Stat. 5
 
Limit
49.065.0125.0210.0260.0300.0275.0281.0281.0278.0275.0280.0288.0295.0293.0298.0300.0308.0305.0300.0307.0309.0309.0315.0309.0324.0328.0330.0336.0358.0365.0377.0395.0430.0450.0450.0465.0465.0475.7495.0577.0

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