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Reaching the Debt Limit
Mindy R. Levit
Clinton T. Brass
Thomas J. Nicola
Dawn Nuschler
其他書名
Background and Potential Effects on Government Operations
出版
Library of Congress, Congressional Research Service
, 2013
URL
http://books.google.com.hk/books?id=-FTAvQEACAAJ&hl=&source=gbs_api
註釋
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.