The Debt Limit Since 2011

Author / Creator

Library of Congress. Government Division

Available as

Online

Summary

Reviews Federal debt policy and the debt limit. Examines 2011 debt limit episode that occurred when the Federal debt reached its legal limit on May 16, prompting Department of Treasury to declare a...

Reviews Federal debt policy and the debt limit. Examines 2011 debt limit episode that occurred when the Federal debt reached its legal limit on May 16, prompting Department of Treasury to declare a debt issuance suspension period that allowed certain extraordinary measures to extend Treasury borrowing capacity. Discusses debt limit in 2013 and early 2014.

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