title:
The debt limit : history and recent increases
creator:
Austin, D. Andrew.
contributor:
Levit, Mindy R.
publisher:
Congressional Research Service
date:
2011
description:
Title from PDF title page (viewed on Aug. 16, 2011).; "July 1, 2011."; Includes bibliographical references.; Harvested from http://fpc.state.gov/documents/organization/168098.pdf on Aug. 17, 2011.
description:
Extent: 1 electronic text (28 p.) : col. ill., digital, PDF file
description:
Abstract: Total debt of the federal government can increase in two ways. First, debt increases when the government sells debt to the public to finance budget deficits and acquire the financial resources needed to meet its obligations. This increases debt held by the public. Second, debt increases when the federal government issues debt to certain government accounts, such as the Social Security, Medicare, and Transportation trust funds, in exchange for their reported surpluses. This increases debt held by government accounts. The sum of debt held by the public and debt held by government accounts is the total federal debt. Surpluses reduce debt held by the public, while deficits raise it. Total federal debt outstanding was $14,344 billion on June 29, 2011.
subject:
Debts, Public--United States
subject:
Deficit financing--United States
subject:
Budget deficits--United States
relation:
Mode of access: World Wide Web.; System requirements: Adobe Reader.
type:
PDF 1.4
source:
http://fpc.state.gov/documents/organization/168098.pdf
language:
eng
rights:
This work may be copyrighted or have other restrictions on use. Please contact your librarian if you have questions on the uses of this material.
identifier:
DebtLimit