ABSTRACT

Votes on Measures to Adjust the Statutory Debt Limit, 1978 to Present [November 7, 2013]   [open pdf - 0B]

"Almost all borrowing by the federal government is conducted by the Treasury Department, within the restrictions established by a single, statutory limit (ceiling) on the total amount of debt that may be outstanding at any time. By law, the Treasury cannot exceed federal debt limits, so the Treasury periodically has had to ask Congress to enact new debt limits so it can fulfill its financial commitments. Since 1978, Congress has passed, and the President has signed into law, 54 measures adjusting the statutory debt limit either as stand-alone legislation or as part of legislation dealing with other matters. This report provides roll call vote data identified by the Congressional Research Service for measures to adjust the statutory debt limit. This report will be updated as events warrant." Tables (1-3) contain supporting data regarding the debt limit.

Report Number:
CRS Report for Congress, R41814
Author:
Publisher:
Date:
2013-11-07
Series:
Copyright:
Public Domain
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application/pdf
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