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Publications
  • May 2023 (Revised July 2024)
  • Case
  • HBS Case Collection

America's Budget Impasse, 2009–2023

By: Richard Vietor
  • Format:Print
  • | Language:English
  • | Pages:29
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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 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 U.S. economy.

Keywords

Government Administration; Economy

Citation

Vietor, Richard. "America's Budget Impasse, 2009–2023." Harvard Business School Case 723-063, May 2023. (Revised July 2024.)

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