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Running Deficits: Positives and Pitfalls

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.
Date: September 14, 2010
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Discretionary Budget Authority by Subfunction: An Overview

Description: This report presents figures showing trends in discretionary budget authority as a percentage of gross domestic product (GDP) by subfunction within each of 17 budget function categories, using data from President Obama's FY2016 budget submission. This report provides a graphical overview of historical trends in discretionary budget authority from FY1977 through FY2014, estimates for FY2015 spending, and the levels consistent with the President's proposals for FY2016 through FY2020.
Date: February 5, 2015
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

The Debt Limit: History and Recent Increases

Description: This report discusses how the total debt of the federal government can increase, a 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.
Date: May 30, 2008
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Discretionary Budget Authority by Subfunction: An Overview

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.
Date: March 29, 2011
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Auction-Rate Securities

Description: This report discusses auction-rate securities (ARSs), which most are long-term bonds, although some ARS are structured as preferred shares and so have no maturities.
Date: September 17, 2008
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Discretionary Budget Authority by Subfunction: An Overview

Description: President Obama's FY2013 budget submission was released on February 13, 2012. 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 the President's proposals for FY2013 through FY2017. Spending caps and budget enforcement mechanisms established in the Budget Control Act (BCA) of 2011 will probably strongly affect the FY2013 budget cycle. This report may provide a starting point for discussions about spending trends and federal priorities, but it does not attempt to explain spending patterns in each policy area.
Date: February 14, 2012
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Economic and Fiscal Conditions in the U.S. Virgin Islands

Description: This report discusses the fiscal and economic challenges facing the U.S. Virgin Islands (USVI) and related issues for Congress, such as: oversight of federal policies that could affect the USVI's long-term fiscal stability; further legislation that would extend or restructure long-range disaster assistance programs to mitigate those challenges and promote greater resiliency of infrastructure and public programs; and how responses to the USVI's fiscal distress could affect municipal debt markets more broadly.
Date: June 20, 2018
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

The Debt Limit Since 2011

Description: This report discusses the U.S. government's debt limits since 2011 and the legislative history of the raising of the debt limit for each year through the present.
Date: February 2, 2018
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

The Debt Limit Since 2011

Description: This report discusses the federal debt increase. The accumulation of federal debt accelerated in the wake of the 2007-2008 financial crisis and subsequent recession. Rising debt levels, along with continued differences in views of fiscal policy, led to a series of contentious debt limit episodes in recent years.
Date: February 18, 2014
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Discretionary Budget Authority by Subfunction: An Overview

Description: This report provides a graphical overview of historical trends in discretionary budget authority (BA) from FY1976 through FY2012, preliminary estimates for FY2013 spending, and the levels consistent with the President's proposals for FY2014 through FY2018 using data from President Obama's FY2014 budget submission that was released on April 10, 2013.
Date: January 24, 2014
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Trends in Discretionary Spending

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.
Date: January 24, 2014
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Discretionary Budget Authority by Subfunction: An Overview

Description: This report presents figures showing trends in discretionary budget authority as a percentage of GDP by subfunction within each of 17 budget function categories, using data from President Obama's FY2014 budget submission. The report also provides a graphical overview of historical trends in discretionary budget authority from FY1976 through FY2012, preliminary estimates for FY2013 spending, and the levels consistent with the President's proposals for FY2014 through FY2018.
Date: April 25, 2013
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Trends in Discretionary Spending

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.
Date: April 29, 2013
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Trends in Discretionary Spending

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.
Date: April 15, 2013
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Overview of the Federal Debt

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.
Date: May 22, 2011
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

The Debt Limit Since 2011

Description: This report discusses the federal debt limit and the crisis of 2011 in reaching the debt limit. Subsequent developments in extending the debt limit and using extraordinary measures to meet government obligations since then are outlined up to the present.
Date: August 9, 2017
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

Auction-Rate Securities

Description: This report discusses auction-rate securities (ARSs), which most are long-term bonds, although some ARS are structured as preferred shares and so have no maturities.
Date: July 17, 2012
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA; H.R. 5278, S. 2328)

Description: The report presents a brief description of Puerto Rico, its relationship with the federal government, and its fiscal challenges. It also includes a short overview of bill H.R. 5278, with a comparison with previous legislation involving control boards and a section-by-section description of the bill.
Date: July 1, 2016
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department

The Budget for Fiscal Year 2008

Description: This report discusses the Food and Drug Administration's (FDA's) FY2009 budget request of $2.676 billion that would provide a 17.9% increase ($406 million) over FY2008. It includes an overview and breakdowns for specific programs: Foods Program, Human Drugs Program, Biologics program, Animal Drugs and Feed Program, and the Devices and Radiological Health Program.
Date: January 4, 2008
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department