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

Format:

Book

Government document

Author/Creator:

Library of Congress. Foreign Affairs Division.

Contributor:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Fiscal policy.

Loans.

Debts, Public.

Physical Description:

1 online resource (1 online resource (26 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2011.

System Details:

text file

Summary:

This report is one in a series of updates. For the most recent coverage of this report series, please see 11-R4-1633 in the 2011 issue.

Examines possibility of Federal Government reaching its statutory debt limit and not raising it, focusing on Government operations. Explains nature of Federal debt, processes associated with Federal borrowing, and historical events that may influence prospective actions. Analyzes potential implications if Federal Government may no longer issue debt, has exhausted its alternative sources of cash, and, therefore, depends on incoming receipts or other sources of funds to provide any cash needed to liquidate Federal obligations. Addresses considerations for increasing debt limit under current policy, and considers impact fiscal policy could have on debt limit going forward.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Foreign Affairs Division. Reaching the Debt Limit

Access Restriction:

Restricted for use by site license.