When Congress agreed to raise the debt ceiling during the economic meltdown in the United States in 2011, it temporarily averted a shutdown crisis, but the deal they reached to do so created the _____.
A) risk-return relationship
B) fiscal cliff
C) bottom-up budgeting
D) niche barrier

Question

Quizplus · Accepted Answer

The deal reached in 2011 to raise the debt ceiling included automatic spending cuts and tax increases that were set to take effect at the end of 2012, which became known as the "fiscal cliff."

When Congress Agreed to Raise the Debt Ceiling During the Economic