Congressional Research Service: 'Budget Process Reforms Included in Debt Limit Legislation'
February 10, 2023
February 10, 2023
WASHINGTON, Feb. 10 -- The Congressional Research Service issued the following report (No. R47415) on Feb. 9, 2023, entitled "Budget Process Reforms Included in Debt Limit Legislation" by Megan S. Lynch, Congress and legislative process specialist.
Here are excerpts:
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SUMMARY
The amount of money that Treasury may borrow is restricted by a statutory limit on the debt, which is currently set to reach its limit of $31.385 trillion s . . .
Here are excerpts:
* * *
SUMMARY
The amount of money that Treasury may borrow is restricted by a statutory limit on the debt, which is currently set to reach its limit of $31.385 trillion s . . .