Congressional Research Service: 'A Binding Debt Limit - Background and Possible Consequences' (Part 1 of 4)
November 12, 2024
November 12, 2024
WASHINGTON, Nov. 12 (TNSrep) -- The Congressional Research Service issued the following report (No. R48209) on Oct. 4, 2024, entitled "A Binding Debt Limit: Background and Possible Consequences" by economic policy analyst D. Andrew Austin.
Here are excerpts:
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SUMMARY
In September 2024, gross federal debt was about $35.3 trillion. Debt limit episodes have been a recurring feature of federal fiscal policy since 2001, when federal b . . .
Here are excerpts:
* * *
SUMMARY
In September 2024, gross federal debt was about $35.3 trillion. Debt limit episodes have been a recurring feature of federal fiscal policy since 2001, when federal b . . .