Reaching the Debt Limit: Background and Potential Effects on Government Operations (Paperback) (ISBN-13: 9781503277465)

The gross federal debt, which represents the federal government's total outstanding debt, consists of (1) debt held by the public and (2) debt held in government accounts, also known as intragovernmental debt. Federal government borrowing increases for two primary reasons: (1) budget deficits and (2) investments of any federal government account surpluses in Treasury securities, as required by law. Nearly all of this debt is subject to the statutory limit. The federal government's statutory debt limit is currently suspended through February 7, 2014.

Author: Mindy R. Levit
ISBN-10: 1503277461
ISBN-13: 9781503277465
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 12/31/2014
Pages: 36
Format: Paperback
Weight: 0.24lbs
Size: 11.02h x 8.50w x 0.07d