Debt Limit: Analysis of 2011-2012 Actions Taken and Effect of Delayed Increase on Borrowing Costs

Home > Diane Publishing Books >

Our Price: $20.00

By Gary T. Engel (au)
Year: 2012
Pages: 39
Binding Paperback
ISBN 978-1-4578-3656-5

Product Code: 1457836564

Description

GAO previously examined challenges associated with managing cash and debt when delays in raising the debt limit occurred, focusing on the period from 1995 through 2010. In Feb. 2011, GAO reported that delays in raising the debt limit create debt and cash challenges for theTreasury Dept., and these challenges have been exacerbated in recent years by a large growth in debt. Delays in raising the debt limit occurred during 2011 and Jan. 2012. With regard to actions taken by Treasury during 2011 and Jan. 2012 to manage federal debt when delays in raising the debt limit occurred, this report provides (1) a chronology of the significant events; (2) an analysis of whether actions taken by Treasury were consistent with legal authorities provided to manage federal debt during such delays; (3) an assessment of the extent to which Treasury restored uninvested principal and interest losses to federal government accounts in accordance with relevant legislation; and (4) an analysis of the effect that delays in raising the debt limit had on Treasuryäó»s borrowing costs and operations. Tables and figures. This is a print on demand report.

Share your knowledge of this product with other customers... Be the first to write a review