Federal Debt and the Statutory Limit, January 2018

Congressional Budget Office

No 53514, Reports from Congressional Budget Office

Abstract: After incorporating the anticipated effects of recent tax legislation and actual spending and revenue amounts in December into its calculations, CBO now projects that the Treasury’s ability to borrow additional funds using extraordinary measures will be exhausted—and it will most likely run out of cash—in the first half of March 2018. If that occurred, the government would be unable pay its obligations fully, and it would delay making payments for programs and activities, default on its debt obligations, or both.

JEL-codes: H60 H63 (search for similar items in EconPapers)
Date: 2018-01-31
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/system/files/115th-congress-20 ... /53514-debtlimit.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:53514

Access Statistics for this paper

More papers in Reports from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().