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
Community Development Block Grants: Recent Funding History

Community Development Block Grants: Recent Funding History

Date: February 6, 2014
Creator: Boyd, Eugene
Description: This report is a review of the Community Development Fund (CDF) account's funding history from FY2000 to FY2013, as well as current funding in FY2014. It includes a discussion of the three primary components of the CDF account: (1) CDBG formula grants; (2) CDBG-related set-asides and earmarks; and (3) CDBGlinked supplemental and special appropriations. It is intended to provide recent historical background as the 113th Congress considers CDF funding levels and composition.
Contributing Partner: UNT Libraries Government Documents Department
Community Development Block Grants: Funding Issues in the 113th Congress

Community Development Block Grants: Funding Issues in the 113th Congress

Date: March 20, 2014
Creator: Boyd, Eugene
Description: This report is a review of the Community Development Fund (CDF) account's funding history from FY2000 to FY2013, as well as current funding in FY2014. It includes a discussion of the three primary components of the CDF account: CDBG formula grants; CDBG-related set-asides and earmarks; and CDBG-linked supplemental and special appropriations.
Contributing Partner: UNT Libraries Government Documents Department
Reducing the Budget Deficit: Overview of Policy Issues

Reducing the Budget Deficit: Overview of Policy Issues

Date: August 7, 2014
Creator: Labonte, Marc
Description: This report discusses why the federal government's fiscal path is unsustainable and provides an overview of proposals of selected groups that have published detailed recommendations on how to return the federal budget to a sustainable course.
Contributing Partner: UNT Libraries Government Documents Department
Impact on the Federal Budget of Freezing Non-Security Discretionary Spending

Impact on the Federal Budget of Freezing Non-Security Discretionary Spending

Date: April 12, 2010
Creator: Levit, Mindy R.
Description: In his FY2011 budget proposal, the President made several proposals to immediately curb spending, while acknowledging that additional steps are needed to achieve long-term fiscal stability. This report examines the impact on the federal budget of the President's proposals, specifically the proposed freeze in non-security discretionary spending and how the freeze might change the fiscal outlook over the 10-year budget window.
Contributing Partner: UNT Libraries Government Documents Department
Community Development Block Grants: Funding Issues in the 113th Congress

Community Development Block Grants: Funding Issues in the 113th Congress

Date: March 11, 2015
Creator: Boyd, Eugene
Description: This report is a review of the Community Development Fund (CDF) account's funding history from FY2000 to FY2014, as well as current funding in FY2015. It includes a discussion of the three primary components of the CDF account: CDBG formula grants; CDBG-related set-asides and earmarks; and CDBG-linked supplemental and special appropriations.
Contributing Partner: UNT Libraries Government Documents Department
Is the U.S. Current Account Deficit Sustainable?

Is the U.S. Current Account Deficit Sustainable?

Date: April 2, 2010
Creator: Labonte, Marc
Description: This report reviews studies on the America's current account (CA) deficit's sustainability. Some of the studies suggest that a large dollar depreciation could eventually be required to restore sustainability. But the inflation-adjusted 25% depreciation of the dollar from 2002-2008 had little effect on the CA deficit, which kept growing until 2007.
Contributing Partner: UNT Libraries Government Documents Department
An Analysis of the Administration's Deficit Reduction Goal

An Analysis of the Administration's Deficit Reduction Goal

Date: March 2, 2005
Creator: Esenwein, Gregg A & Labonte, Marc
Description: This report briefly discusses the Bush Administration's proposal to reduce the deficit between FY2004 and FY2009. It discusses the provisions of the FY2006 budget proposal in respect to the Administration's deficit reduction goal. CRS has constructed a modified baseline budget which, arguably, provides a “best guess” of the path of future deficits if current policy is extended. Under this alternative, the deficit is projected to rise to $425 billion in FY2009.
Contributing Partner: UNT Libraries Government Documents Department
The Effects of Government Expenditures and Revenues on the Economy and Economic Well-Being: A Cross-National Analysis

The Effects of Government Expenditures and Revenues on the Economy and Economic Well-Being: A Cross-National Analysis

Date: April 5, 2006
Creator: Hungerford, Thomas L
Description: Congress passed and the President signed a reconciliation bill (P.L. 109-171) to reduce mandatory spending by $39 billion between FY2006 and FY2010. A revenue reduction reconciliation bill (H.R. 4297) has not been enacted as of the date of this report. Many argue that tax and spending reductions will stimulate economic growth, whereas many others argue that tax cuts will lead to a larger deficit with adverse economic effects and that spending cuts will reduce critical government services. This report examines the effects of government spending and taxation on economic growth and economic well-being by comparing the United States with 20 other industrial Organization for Economic Cooperation and Development (OECD) countries.
Contributing Partner: UNT Libraries Government Documents Department
Budget Deficits: Causes, Effects and Some Remedial Options

Budget Deficits: Causes, Effects and Some Remedial Options

Date: July 15, 1985
Creator: Grinnell, David & Cox, William A
Description: In 1981 Congress enacted extensive changes in taxing and spending policies that supporters of these changes expected to generate sufficient revenues, despite a series of tax rate cuts, to balance the budget by FY84. After the onset of recession in early 1982, however, the Reagan Administration's projections showed widening budget deficits, which culminated in an actual FY83 deficit of $195.4 billion. Despite enactment of the Tax Equity and Fiscal Responsibility Act of 1982, and, more recently, the Deficit Reduction Act of 1984, large deficits are expected to persist, even under continued favorable economic conditions, unless Federal taxing and spending policies are altered dramatically.
Contributing Partner: UNT Libraries Government Documents Department
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