One of the trigger points for the financial crisis of 2007-2009 was that Congress failed to balance the federal budget.

Question

Quizplus · Accepted Answer

The financial crisis of 2007-2009 was caused by a combination of factors, including subprime mortgage lending, a housing bubble, excessive risk-taking by financial institutions, and a lack of government regulation. While the federal budget deficit was a concern for some policymakers, it was not a direct trigger for the crisis.

One of the Trigger Points for the Financial Crisis of 2007-2009