If the debt limit were reached and extraordinary measures were exhausted, the Treasury Secretary's legal requirement to reinvest Social Security receipts by issuing special Treasury securities could at times be difficult to reconcile with his legal requirement not to exceed the statutory debt limit
When it comes to maintenance, you can pay now or pay later, and with the federal government reaching its statutory debt limit
, the bill is coming due.
The federal government's statutory debt limit
13) recommended policies that would lead to a debt subject to limit of $13,233 billion in FY2010, a level that would require an increase in the statutory debt limit
measures containing changes to the statutory debt limit
from 1978 to the
Over in the US, ratings agency Moody's warned the federal government Thursday that "if there is no progress on increasing the statutory debt limit
in coming weeks, [Moody's] expects to place the US government's rating under review for possible downgrade," citing the "very small but rising risk of a short-lived default.
On July 30, 2008, legislation was enacted to raise the statutory debt limit
from $9,815 billion to $10,615 billion.
This report examines the possibility of the federal government reaching its statutory debt limit
and not raising it, with a particular focus on government operations.
amp;sect; 8348(l)(2), of my determination that, by reason of the statutory debt limit
, I will be unable to invest fully the portion of the Civil Service Retirement and Disability Fund ("CSRDF") not immediately required to pay beneficiaries.
On September 29, 2007, legislation was enacted to raise the statutory debt limit
by $850 billion to $9,815 billion.
GAO also found no instances of noncompliance in fiscal year 2006 with selected provisions of the statutory debt limit
and debt issuance suspension period laws we tested.
25 million below the current statutory debt limit
of $14,294 billion.