Debt Limit: Analysis of 2011-2012 Action Taken and Effect on Delayed Increase on Borrowing Costs - Couverture souple

United StatesGovernment Accountability Office

 
9781492352037: Debt Limit: Analysis of 2011-2012 Action Taken and Effect on Delayed Increase on Borrowing Costs

Synopsis

Congress and the President first enacted a statutory limit on federal debt during World War I to eliminate the need for Congress to approve each new debt issuance and provide Treasury with greater discretion over how it finances the government’s day-to-day borrowing needs. With the Public Debt Act of 1941, Congress and the President set an overall limit of $65 billion on Treasury debt obligations that could be outstanding at any one time and since then have enacted a number of debt limit increases.

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Autres éditions populaires du même titre

9781287155881: Debt Limit: Analysis of 2011-2012 Actions Taken and Effect of Delayed Increase on Borrowing Costs: Gao-12-701

Edition présentée

ISBN 10 :  128715588X ISBN 13 :  9781287155881
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