Author : Mindy R. Levit
Release : 2013
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
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Book Synopsis Reaching the Debt Limit by : Mindy R. Levit
Download or read book Reaching the Debt Limit written by Mindy R. Levit. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: 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.