Debt ceiling cost to taxpayers: $18 million
August 2nd, 2011
01:19 PM ET
3 years ago

Debt ceiling cost to taxpayers: $18 million

(Updated at 2:15 p.m. ET)

NEW YORK (CNNMoney) - The debt ceiling debacle has just cost U.S. taxpayers more than $18 million.

That's the amount of additional interest the government had to pay investors Monday to sell Treasury bills that finance its operations.

FULL STORY

Filed under: Debt
soundoff (16 Responses)
  1. Indy

    17 million reasons for Republicans to smile, they always have a good day when they are successful at taking the country for a ride towards hell.

    August 2, 2011 01:26 pm at 1:26 pm |
  2. Libertarian

    ...and this is exactly why the U.S. should have defaulted– better bite the bullet now than to suffer even more later.

    August 2, 2011 01:26 pm at 1:26 pm |
  3. John, PA

    And we the people, the taxpayers, will ensure it cost the Democrats the White House and the Senate in the 2012 election!

    August 2, 2011 01:34 pm at 1:34 pm |
  4. B

    No surprise there – more of the same.

    August 2, 2011 01:35 pm at 1:35 pm |
  5. ConservaFASCISTS/Dutch, Bad Newz, VA

    All the procrastinating Congress has done has negatively impacted the markets. I've seen the DOW shed 700 points in the last 2 weeks. Economic terrorism enacted by members of Congress should be treated as an act of treason and be punishable by death.

    August 2, 2011 01:43 pm at 1:43 pm |
  6. Debbie

    All members of Congress are failures. TEAParty talks about no new taxes but my taxes will pay for their stunt. GOP talks about not raising taxes and helping private business and I ask them where are the jobs from private business that the GOP will need so taxes can be collected to pay for their stunt? Dems talk about helping families and protecting jobs but when it comes to a fight they aruge amongst themselves and don't have the guts to fight for anything. Time to follow the French Revolution and storm the US Bastille: Congress! All failures!

    August 2, 2011 01:43 pm at 1:43 pm |
  7. GI Joe

    Deduct it from the teabaggers' congressional pay. Done. Move on.

    August 2, 2011 01:53 pm at 1:53 pm |
  8. Rick McDaniel

    Thank Obama for that. he was the one WHO SPENT THE MONEY TO INVOKE THE DEBT CEILING, in the first place.

    That is the bottom line cause.......pure and simple.

    The spendthrift is the problem.

    August 2, 2011 02:01 pm at 2:01 pm |
  9. Sandy

    Make the Republicans pay it back for creating this crisis!

    August 2, 2011 02:11 pm at 2:11 pm |
  10. sonny chapman

    Send the bill to the Tea Party Caucus. Good luck collecting though. They're a hard bunch to try & get to pay their share.

    August 2, 2011 02:14 pm at 2:14 pm |
  11. Hammerer

    Now that congress has passed the debt deal the truth will start to come out. The cuts of trillions will become millions and the spending in millions will become trillions.
    This is Washington politics. Use the media to create a crisis, sell a lie to pass a bill and then the truth is revealed.
    And we call foreign governments corrupt.

    August 2, 2011 02:20 pm at 2:20 pm |
  12. The Day of Financial Reckoning is HERE - The Great Democrat Welfare Society Ends

    A paltry $18 million? Don't sweat it. Our great grand kids are good for it...

    August 2, 2011 02:37 pm at 2:37 pm |
  13. Embarrased Conservative

    Great now that we can move on from this it is time to start the next order of BS.

    August 2, 2011 02:43 pm at 2:43 pm |
  14. MTATL67

    That money should be reimbursed back to us right out Congressman’s salaries.

    August 2, 2011 03:03 pm at 3:03 pm |
  15. Rick McDaniel

    I guarantee, that was cheaper than letting Obama continue to spend, uncontested.

    August 2, 2011 03:09 pm at 3:09 pm |
  16. vet in texas

    I wonder how many fans or air conditioners one could buy with that amount of money, proof that nobody in DC is serious about spending, couple that with oil subsidies and my point is proven.

    August 2, 2011 03:11 pm at 3:11 pm |