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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: 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. 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: February 11, 2011
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: 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

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

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. 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: April 27, 2011
Creator: Levit, Mindy R.; Brass, Clinton T.; Nicola, Thomas J. & 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 31, 2012
Creator: Levit, Mindy R.; Brass, Clinton T.; Nicola, Thomas J.; Nuschler, Dawn & Shelton, Alison M.
Partner: UNT Libraries Government Documents Department