By U.S. Government Accountability Office

GAO has ready this report back to help Congress in selecting and
addressing debt administration demanding situations. considering the fact that 1995, the statutory debt
limit has been elevated 12 occasions to its present point of $14.294 trillion.
The debt restrict doesn't keep watch over or restrict the power of the government to run deficits or incur responsibilities. relatively, it's a restrict at the skill to pay responsibilities already incurred.

Delays in elevating the debt restrict create debt and money administration
challenges for the Treasury, and those demanding situations were exacerbated lately via a wide progress in debt. consequently, as soon as debt reaches the restrict, Congress will most probably have much less time than in past years to discuss elevating the debt restrict prior to there are disruptions to executive courses and companies. This development is probably going to proceed given the long term economic outlook.

This document (1) describes the activities that Treasury often takes to regulate debt close to the restrict, (2) analyzes the results that forthcoming the debt restrict has had out there for Treasury securities, and (3) describes replacement mechanisms that might enable attention of the hyperlink among coverage judgements and the impact on debt whilst or sooner than judgements are made. GAO analyzed Treasury and industry info; interviewed Treasury officers, price range and legislative specialists, and industry contributors; and reviewed practices in chosen countries.

Show description

Read Online or Download Debt Limit: Delays Create Debt Management Challenges and Increase Uncertainty in the Treasury Market PDF

Best business economics books

Development Macroeconomics: Essays in Memory of Anita Ghatak (Routledge Studies in Development Economics)

This brings jointly correct papers on macro-, financial and improvement economics from many eminent economists from around the world who're heavily linked to the works of past due Professor Anita Ghatak of Greenwich collage, united kingdom who used to be a professional within the box of macroeconomics and econometrics.

Indian Stock Market: An Empirical Analysis of Informational Efficiency (SpringerBriefs in Economics)

India is among the significant rising economies of the area and has witnessed super financial progress during the last a long time. The reforms within the monetary area have been brought to infuse strength and vibrancy into the method of monetary development. The Indian inventory industry now has the biggest variety of indexed businesses on the planet.

Methodology for Current Account and Exchange Rate Assessments (Occasional Paper)

This paper discusses the methodologies utilized by IMF employees for assessing alternate premiums and the reason for the overall technique of the Coordinating workforce on alternate expense matters (CGER). CGER’s strategy has been to spot circumstances the place trade charges seem to be considerably out of line with medium-term macroeconomic basics.

The Merits of Flexible Exchange Rates: An Anthology

This anthology of vital writings by means of eminent economists is, partially, a critique of the Bretton Woods method of mounted trade charges, which was once very profitable on the time it was once instituted yet which, due to its tension, failed in any case to deal with the commercial difficulties of the post-war period.

Extra resources for Debt Limit: Delays Create Debt Management Challenges and Increase Uncertainty in the Treasury Market

Example text

Download PDF sample

Rated 4.37 of 5 – based on 9 votes