Reaching the Debt Limit: Background and Potential Effects on Government Operations

Reaching the Debt Limit: Background and Potential Effects on Government Operations

Date: May 31, 2012
Creator: Levit, Mindy R.
Description: The gross federal debt, which represents the federal government's total outstanding debt, consists of two types of debt: (1) debt held by the public and (2) debt held in government accounts, also known as intragovernmental debt. Federal government borrowing increases for two primary reasons: (1) budget deficits and (2) investments of any federal government account surpluses in Treasury securities, as required by law. Nearly all of this debt is subject to the statutory limit. The federal debt limit currently stands at $14,294 billion.
Contributing Partner: UNT Libraries Government Documents Department
U.S. Trade Deficit Review Commission

U.S. Trade Deficit Review Commission

Date: December 13, 2001
Creator: U.S. Trade Deficit Review Commission
Description: The purpose of the Commission is to study the nature, causes, and consequences of the United States merchandise trade and current account deficits.
Contributing Partner: UNT Libraries Government Documents Department
The Budget Control Act of 2011: Effects on Spending Levels and the Budget Deficit

The Budget Control Act of 2011: Effects on Spending Levels and the Budget Deficit

Date: November 29, 2011
Creator: Labonte, Marc
Description: This report focuses on how the Budget Control Act of 2011 (BCA) will affect spending and the budget deficit through the "first round" effects, related to discretionary spending caps and student loan provisions, and the "second round" effects of additional deficit reduction, related to the work of the Joint Committee. The report also examines short and long run effects of deficit reduction on the economy.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: August 3, 2011
Creator: Austin, D. Andrew
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
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 Budget Control Act of 2011: Effects on Spending Levels and the Budget Deficit

The Budget Control Act of 2011: Effects on Spending Levels and the Budget Deficit

Date: September 16, 2011
Creator: Labonte, Marc
Description: This report focuses on how the Budget Control Act of 2011 (BCA) will affect spending and the budget deficit through the "first round" effects, related to discretionary spending caps and student loan provisions, and the "second round" effects of additional deficit reduction, related to the work of the Joint Committee. The report also examines short and long run effects of deficit reduction on the economy.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: January 6, 2012
Creator: Austin, D. Andrew
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 Budget Control Act of 2011: The Effects on Spending and the Budget Deficit When the Automatic Spending Cuts Are Implemented

The Budget Control Act of 2011: The Effects on Spending and the Budget Deficit When the Automatic Spending Cuts Are Implemented

Date: April 23, 2012
Creator: Levit, Mindy R.
Description: This report discusses the two main groups of spending reductions in the Budget Control Act of 2011: (1) discretionary spending caps and (2) an automatic $1.2 trillion spending reduction process that comes into effect on January 02, 2012. It also looks at projected effects of the Act.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: April 5, 2011
Creator: Austin, D. Andrew
Description: This report discusses how the total debt of the federal government can increase, including 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
Reducing the Budget Deficit: Tax Policy Options

Reducing the Budget Deficit: Tax Policy Options

Date: July 13, 2011
Creator: Sherlock, Molly F.
Description: This report analyzes various revenue options for deficit reduction, highlighting proposals made by the President's Fiscal Commission and the Debt Reduction Task Force. Others, such as House Budget Committee Chairman Paul Ryan and the Obama Administration, have noted the importance of tax reform as part of a deficit reduction plans. These plans, however, do not provide the same level of detail as the Fiscal Commission and Debt Reduction Task Force, and are therefore not reviewed in detail as part of this report.
Contributing Partner: UNT Libraries Government Documents Department
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