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Debt Limit: Analysis of 2011-2012 Action Taken and Effect on Delayed Increase on Borrowing Costs (in English)
United Statesgovernment Accountability O
(Author)
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Createspace Independent Publishing Platform
· Paperback
Debt Limit: Analysis of 2011-2012 Action Taken and Effect on Delayed Increase on Borrowing Costs (in English) - United Statesgovernment Accountability O
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Synopsis "Debt Limit: Analysis of 2011-2012 Action Taken and Effect on Delayed Increase on Borrowing Costs (in English)"
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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The book is written in English.
The binding of this edition is Paperback.
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