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

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

Date: November 21, 2013
Creator: Levit, Mindy R.; Brass, Clinton T.; Nicola, Thomas J. & Nuschler, Dawn
Description: This report examines the possibility of the federal government reaching its statutory debt limit and not raising it, with a particular focus on government operations. First, the report explains the nature of the federal government's debt, the processes associated with federal borrowing, and historical events that may influence prospective actions. It also includes an analysis of what could happen if the federal government may no longer issue debt, has exhausted alternative sources of cash, and, therefore, depends on incoming receipts or other sources of funds to provide any cash needed to liquidate federal obligations.2 Finally, this report lays out considerations for increasing the debt limit under current policy and what impact fiscal policy could have on the debt limit going forward.
Contributing Partner: UNT Libraries Government Documents Department
The FY2011 Federal Budget

The FY2011 Federal Budget

Date: August 4, 2010
Creator: Levit, Mindy R.
Description: This report provides an historical overview of the budget trends through the most recently completed fiscal year (2009). It discusses major budgetary challenges over the past several fiscal years given the current economic conditions and provides an in-depth discussion of the FY2011 budget process. Finally, it provides context for the issues facing the country's federal budget over the long term. This report will be updated as events warrant.
Contributing Partner: UNT Libraries Government Documents Department
The U.S. Trade Deficit: Causes, Consequences, and Cures

The U.S. Trade Deficit: Causes, Consequences, and Cures

Date: April 23, 2008
Creator: Elwell, Craig K.
Description: This report examines the U.S. trade deficit, paying special attention to what causes the imbalance, why it may be a problem, and what can be done to correct it.
Contributing Partner: UNT Libraries Government Documents Department
Economic Slowdown: Issues and Policies

Economic Slowdown: Issues and Policies

Date: May 2, 2008
Creator: Gravelle, Jane G.; Hungerford, Thomas L.; Labonte, Marc; Weiss, N. Eric & Whittaker, Julie M.
Description: This report first discusses the current state of the economy, including measures that have already been taken by the monetary authorities, and assesses the need for and potential consequences of fiscal stimulus. The second part of the report reviews the proposals discussed during debate on the recently enacted fiscal stimulus, both those adopted and those considered but not adopted. The various stimulus packages differed somewhat, and the report briefly describes those differences. This section includes a discussion of the potential elements of a second stimulus proposal and concludes with a discussion of the macroeconomic effects of the proposals.
Contributing Partner: UNT Libraries Government Documents Department
Running Deficits: Positives and Pitfalls

Running Deficits: Positives and Pitfalls

Date: March 10, 2010
Creator: Austin, D. Andrew
Description: 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
The National Debt: Who Bears Its Burden?

The National Debt: Who Bears Its Burden?

Date: March 12, 2010
Creator: Labonte, Marc
Description: This report discusses various views on the issue of who bears the burden of the national debt, future generations or the generation that incurred it.
Contributing Partner: UNT Libraries Government Documents Department
Ongoing Government Assistance for American International Group (AIG)

Ongoing Government Assistance for American International Group (AIG)

Date: March 18, 2010
Creator: Webel, Baird
Description: This report discusses government assistance for American International Group (AIG), the future of AIG and the ultimate government cost of the intervention that are unclear. The Troubled Asset Relief Program (TARP) has been the primary vehicle for most of these actions.
Contributing Partner: UNT Libraries Government Documents Department
Economic Effects of a Budget Deficit Exceeding $1 Trillion

Economic Effects of a Budget Deficit Exceeding $1 Trillion

Date: March 12, 2010
Creator: Labonte, Marc
Description: This report evaluates questions regarding whether the current deficit is manageable and what effects it will have on the economy.
Contributing Partner: UNT Libraries Government Documents Department
The Economics of the Federal Budget Deficit

The Economics of the Federal Budget Deficit

Date: February 5, 2009
Creator: Cashell, Brian W.
Description: This report examines the economics the budget deficit. Topics include recent budgetary history, the differences made by deficits and surpluses, and fiscal policy.
Contributing Partner: UNT Libraries Government Documents Department
The Economics of the Federal Budget Deficit

The Economics of the Federal Budget Deficit

Date: February 2, 2010
Creator: Cashell, Brian W.
Description: This report examines the economics the budget deficit. Topics include recent budgetary history, the differences made by deficits and surpluses, and fiscal policy.
Contributing Partner: UNT Libraries Government Documents Department
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