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Congressional Research Service: 'A Binding Debt Limit - Background and Possible Consequences' (Part 4 of 4)
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:"

(Continued from Part 3 of 4)

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Potential Economic and Financial Effects

A binding debt limit would not only hinder federal finances and operations, but could also trigger severe economic and financial consequences. A 1979 GAO report note . . .

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