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Debt Ceiling: Analysis of Actions During the 1995-1996 Crisis
Debt Ceiling: Analysis of Actions During the 1995-1996 Crisis
 
Our Price: $25.00
Year: 1996
Pages: 40
Binding Paperback

Product Code: 0788136046

Description
 
. On Aug. 10, ‘93, Congress raised the debt ceiling to $4.9 trillion. This debt ceiling was reached in the Fall of ‘95, but was not raised until Mar. 29, ‘96. The intervening period, beginning on Nov. 15, ‘95, when the Treasury Secretary declared a debt issuance suspension period, became known as the 1995-96 debt ceiling crisis. Treasury took several steps during this period to raise funds to meet Federal obligations without exceeding the debt ceiling. This report analyzes Treasury’s actions during the crisis related to investment & redemption in Federal trust funds.

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