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The FY2011 Federal Budget

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.
Date: August 4, 2010
Creator: Levit, Mindy R.
Partner: UNT Libraries Government Documents Department

Economic Slowdown: Issues and Policies

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.
Date: May 2, 2008
Creator: Gravelle, Jane G.; Hungerford, Thomas L.; Labonte, Marc; Weiss, N. Eric & Whittaker, Julie M.
Partner: UNT Libraries Government Documents Department

The FY2011 Federal Budget

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.
Date: March 9, 2010
Creator: Levit, Mindy R.
Partner: UNT Libraries Government Documents Department

Is the U.S. Current Account Deficit Sustainable?

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.
Date: April 2, 2010
Creator: Labonte, Marc
Partner: UNT Libraries Government Documents Department

The Case for and Against an Import Surcharge

Description: The United States is now running a deficit of over $100 billion in its foreign trade and the Federal budget is in the red by roughly $200 billion. To deal with these two deficits, Congress is considering a temporary import surcharge. This brief examines the case for and against such a surcharge as well as its use against Japan.
Date: July 12, 1985
Creator: Reifman, Alfred
Partner: UNT Libraries Government Documents Department

The Federal Government Debt: Its Size and Economic Significance

Description: This report explains the different measures of the U.S. government debt, discusses the historical growth in the debt, identifies the current owners of the debt, presents comparisons with government debt in other countries, and examines the potential economic risks associated with a growing federal debt.
Date: January 27, 2006
Creator: Cashell, Brian W.
Partner: UNT Libraries Government Documents Department

Constitutional Conventions: Political and Legal Questions

Description: This report discusses the applications that have been passed by 32 of the necessary 34 State legislatures to convene a convention to propose an amendment prohibiting abortion. Because this process for amending the Constitution has never been used, several unresolved legal and policy questions arise governing the convening and the authority of such a convention.
Date: July 8, 1985
Creator: Huckabee, David C. & McCoy, Meredith
Partner: UNT Libraries Government Documents Department

The Federal Budget Deficit and the Business Cycle

Description: This report discusses the annual federal budget deficit, which has fallen significantly over the course of the current economic expansion, from a high of 9.8% of gross domestic product (GDP) in FY2009 to 3.2% of GDP in FY2016
Date: December 9, 2016
Creator: Driessen, Grant A. & Labonte, Marc
Partner: UNT Libraries Government Documents Department

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

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.
Date: November 21, 2013
Creator: Levit, Mindy R.; Brass, Clinton T.; Nicola, Thomas J. & Nuschler, Dawn
Partner: UNT Libraries Government Documents Department

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

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

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.
Date: September 19, 2013
Creator: Levit, Mindy R.; Brass, Clinton T.; Nicola, Thomas J. & Nuschler, Dawn
Partner: UNT Libraries Government Documents Department

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

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.
Date: May 31, 2012
Creator: Levit, Mindy R.; Brass, Clinton T.; Nicola, Thomas J.; Nuschler, Dawn & Shelton, Alison M.
Partner: UNT Libraries Government Documents Department

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

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.
Date: May 18, 2011
Creator: Levit, Mindy R.; Brass, Clinton T. & Nicola, Thomas J.
Partner: UNT Libraries Government Documents Department