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 Collection: Congressional Research Service Reports
Overview of the Federal Debt

Overview of the Federal Debt

Date: May 22, 2011
Creator: Austin, D. Andrew
Description: The size of current and projected federal deficits and the accumulation of federal debt are central to current congressional deliberations regarding fiscal reforms. This report provides a broad overview of the federal debt, annual budget deficits, and debt service costs. Federal debt is the accumulated sum of unrepaid borrowing by the federal government over time. The total federal debt consists of debt held by the public and intragovernmental debt. Debt owed to the public represents borrowing from entities other than the federal government, and includes borrowing from state and local governments, foreign governments and investors, the Federal Reserve System, and foreign central banks, as well as private investors in the United States.
Contributing Partner: UNT Libraries Government Documents Department
Running Deficits: Positives and Pitfalls

Running Deficits: Positives and Pitfalls

Date: September 14, 2010
Creator: Austin, D. Andrew
Description: The FY2009 federal deficit swelled to $1.414 trillion, or nearly 10% of gross domestic product (GDP), due to the economic recession. The size of recent deficits has added to longstanding concerns regarding the federal government's long-term fiscal condition. However, deficit finance can serve as an important policy tool. This report discusses how deficit finance can help governments manage their economies and how large and persistent deficits can lead to severe economic problems.
Contributing Partner: UNT Libraries Government Documents Department
Trends in Discretionary Spending

Trends in Discretionary Spending

Date: January 24, 2014
Creator: Austin, D. Andrew
Description: This report provides a graphical overview of historical trends in discretionary budget authority (BA) from FY1976 through FY2011, enacted levels for FY2012 spending, and the levels consistent with President Obama's proposals for FY2013 through FY2017. It also includes a background on functional categories and a section discussing historical spending trends.
Contributing Partner: UNT Libraries Government Documents Department
Trends in Discretionary Spending

Trends in Discretionary Spending

Date: April 15, 2013
Creator: Austin, D. Andrew
Description: This report discusses recent trends in discretionary spending. Topics examined include fiscal policy in the wake of the recession, discretionary spending limits reimposed in 2011, the FY2013 sequestration, long term trends, and security spending.
Contributing Partner: UNT Libraries Government Documents Department
Trends in Discretionary Spending

Trends in Discretionary Spending

Date: April 29, 2013
Creator: Austin, D. Andrew
Description: This report discusses recent trends in discretionary spending. Topics examined include fiscal policy in the wake of the recession, discretionary spending limits reimposed in 2011, the FY2013 sequestration, long term trends, and security spending.
Contributing Partner: UNT Libraries Government Documents Department
FY2011 Appropriations in Budgetary Context

FY2011 Appropriations in Budgetary Context

Date: April 14, 2011
Creator: Austin, D. Andrew & Belasco, Amy
Description: This report compares the various funding levels that have been considered during the 112th Congress with H.R. 1473, a compromise reached just before the expiration on April 8 of the sixth continuing resolution (CR). H.R. 1473 provides discretionary budget authority to run the federal government for the remainder of FY2011, and includes both discretionary and mandatory spending reductions.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: September 8, 2010
Creator: Austin, D. Andrew & Levit, Mindy R.
Description: This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: May 16, 2011
Creator: Austin, D. Andrew & Levit, Mindy R.
Description: This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: May 2, 2011
Creator: Austin, D. Andrew & Levit, Mindy R.
Description: This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: January 20, 2012
Creator: Austin, D. Andrew & Levit, Mindy R.
Description: This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Contributing Partner: UNT Libraries Government Documents Department