Download Reaching the Debt Limit : Background and Potential Effects on Government Operations

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Download Reaching the Debt Limit : Background and Potential Effects on Government Operations

Reaching the Debt Limit : Background and Potential Effects on Government Operations by Mindy R Levit

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Author: Mindy R Levit
Page Count: 36 pages
Published Date: 31 Dec 2014
Publisher: Createspace
Publication Country: United States
Language: English
ISBN: 9781503277465
File Name: Reaching.the.Debt.Limit.Background.and.Potential.Effects.on.Government.Operations.pdf
Download Link: Reaching the Debt Limit Background and Potential Effects on Government Operations
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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.

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