Publications
Publications
- May 2023
- HBS Case Collection
America’s Budget Impasse, 2009-2023
By: Richard Vietor
Abstract
In May of 2023, President Biden faced a crisis of debt. The debt ceiling was
about to be breached, while House Republicans demanded cuts of $3.5 trillion if they
were to raise the ceiling. President Biden refused. The case consists of excerpts from
the President Obama’s and President Trump’s Economic Report of the President, and
from President Biden’s Fiscal Budget for 2024, as well as charts and tables describing
the US economy.
Citation
Vietor, Richard. "America’s Budget Impasse, 2009-2023." Harvard Business School Case 723-063, May 2023.