One of the trigger points for the financial crisis of 2008 was that Congress failed to balance the federal budget.

Question

Quizplus · Accepted Answer

The financial crisis of 2008 was caused by a combination of factors including the housing market bubble, subprime mortgages, and excessive risk-taking by banks and financial institutions. While the federal budget deficit was a concern, it was not a direct trigger for the crisis.

One of the Trigger Points for the Financial Crisis of 2008