Congressional Research Service: 'Debt Limit Policy Questions - What Are Potential Economic Effects of a Binding Federal Debt Limit?'
May 26, 2023
May 26, 2023
WASHINGTON, May 26 -- The Congressional Research Service issued the following report (No. R47574) on May 25, 2023, entitled "Debt Limit Policy Questions: What Are the Potential Economic Effects of a Binding Federal Debt Limit?" by public finance specialists Brendan McDermott and Grant A. Driessen.
Here are excerpts:
* * *
SUMMARY
Federal law prohibits the "face amount of obligations whose principal and interest are guaranteed by . . .
Here are excerpts:
* * *
SUMMARY
Federal law prohibits the "face amount of obligations whose principal and interest are guaranteed by . . .