Add to ORKGCongress last raised the debt limit, to $5.95 trillion, in the Balanced Budget Act of 1997 (P.L. 105-33; on August 5, 1997). At that time, the increase was deemed sufficient for the government's borrowing needs into December 1999
[Excerpt] The statutory debt limit applies to almost all federal debt. The limit applies to federal ...
Almost all borrowing by the federal government is conducted by the Treasury Department, within the ...
This report discusses the federal debt increase. Total federal debt can increase when the government...
The surpluses over the four fiscal years 1998-2001 reduced debt held by the public by $448 billion. ...
In December 2002, the Administration began warning Congress that the debt limit ($6.4 trillion) woul...
Increases in total federal debt are driven by government deficits (which increase debt held by the p...
The gross federal debt consists of the debt held by the public plus the debt held by government acco...
[Excerpt] The statutory debt limit applies to almost all federal debt. The limit applies to federal ...
Almost all borrowing by the federal government is conducted by the Treasury Department, within the ...
This report discusses the federal debt increase. Total federal debt can increase when the government...
The surpluses over the four fiscal years 1998-2001 reduced debt held by the public by $448 billion. ...
In December 2002, the Administration began warning Congress that the debt limit ($6.4 trillion) woul...
Increases in total federal debt are driven by government deficits (which increase debt held by the p...
The gross federal debt consists of the debt held by the public plus the debt held by government acco...
[Excerpt] The statutory debt limit applies to almost all federal debt. The limit applies to federal ...
Almost all borrowing by the federal government is conducted by the Treasury Department, within the ...
This report discusses the federal debt increase. Total federal debt can increase when the government...