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Debt-Limit Legislation in the Congressional Budget Process (CRS Report for Congress)

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Release Date Revised Feb. 22, 2005
Report Number 98-453GOV
Authors Bill Heniff Jr.
Source Agency Congressional Research Service
Older Revisions
  • Premium   Feb. 25, 1999 (1 page, $24.95) add
Summary:

The gross federal debt consists of the debt held by the public plus the debt held by government accounts. Almost all of the gross federal debt is subject to a public debt limit, as set forth in statute (31 U.S.C. 3101).This report considers legislation needed to change the public debt limit.