Reaching the Debt Limit Background and Potential Effects on Government Operations

Format:

Book

Government document

Author/Creator:

Library of Congress. Foreign Affairs and National Defense Division

Contributor:

Library of Congress. Congressional Research Service

Library of Congress. Congressional Research Service. American Law Division

Library of Congress. Government Division

Language:

English

Subjects (All):

Debts, Public.

Loans.

Revenue.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

Summary:

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 can 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:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Foreign Affairs and National Defense Division. Reaching the Debt Limit

Publisher Number:

CRS-2011-FDT-0618

Access Restriction:

Restricted for use by site license