The United States Constitution grants Congress the critical "power of the purse," empowering it to regulate the amount of federal debt. Under current law, this power is exercised through the federal debt limit. The federal debt limit serves as a mechanism to ensure that recent revenue and expenditure trends align with Congressional approval.
However, federal collection and spending decisions that affect debt levels are often predetermined by agreements between Congress and the Administration, well in advance of debt limit deliberations. As of now, the statutory debt limit is suspended through January 1, 2025. This book aims to provide comprehensive background information and delve into the economic effects and legislative activities surrounding the federal debt limit.
Through meticulous analysis and historical context, this book offer readers a thorough understanding of this pivotal aspect of fiscal policy.
| ISBN: | 9798895307700 |
| Publication date: | 13th October 2025 |
| Author: | Chad D Reed |
| Publisher: | SNOVA an imprint of Nova Science Publishers, Inc. |
| Format: | Hardback |
| Pagination: | 344 pages |
| Series: | Government Procedures and Operations |
| Genres: |
Central / national / federal government |
The United States Constitution grants Congress the critical "power of the purse," empowering it to regulate the amount of federal debt. Under current law, this power is exercised through the federal debt limit.
Addressing the Debt Limit features in the following genres: Central / national / federal government
Hardback. Not Available.
Addressing the Debt Limit was written by Chad D Reed and published by SNOVA an imprint of Nova Science Publishers, Inc.
Addressing the Debt Limit has 344 pages
Yes it is part of Government Procedures and Operations series