The 2011 U.S. Debt Ceiling Crisis was one of a series of recurrent debates over increasing the total size of the U.S. national debt. The crisis was brought about by massive increases in federal spending following the Great Recession.

What was the Dow Jones in 2011?

11,957.57
Dow Jones – 10 Year Daily Chart

What was happening economically in 2011?

Through the first three quarters of 2011, the U.S. economy expanded at a 1.2 percent annual rate. Government layoffs and budget cuts, particularly at the local level, slashed growth by about half a percentage point. On the positive side, meanwhile, the biggest driver of growth was an increase in personal consumption.

What happened in 2011 to the economy?

The US economy ground to a virtual halt in the first half of the year, with consumer spending at its weakest level in two years. The world’s largest economy grew by just 0.4% between January and June – half the pace of growth in austerity Britain.

What was the S&P 500 in 2011?

1,267.64
S&P 500 – 10 Year Daily Chart

What happened to the stock market in 2012?

Stock markets ended 2012 with a bang, with shares climbing on reports that the Senate had reached an agreement to avert the fiscal cliff. The Dow Jones Industrial Average broke a five-day losing streak to climb 166 points on the last trading day of the year, its best-ever performance on New Year’s Eve.

What was the stock market at in 2012?

12,966.44
Dow Jones – 10 Year Daily Chart