Increasing the Public Debt Limit : Scheduled for a Public Hearing Before the Committee On Ways And Means On July 11, 1990 Jcx-18-90
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In any case, it is highly likely that default would occur before Congress returns in September." Two factors primarily require an earlier than expected increase in the debt limit. The pace for settling the affairs of failed savings and loan associations has accelerated in recent months, and completion of the arrangements for each associations involves incurrence of additional public debt.
The second factor is the sluggish economy which continues to grow but at a significantly slower pace than t...he Administration's projections in the recent past, and smaller amounts of additional revenues are generated as a result.
In his announcement of the hearings. Chairman Rostenkowski said, "It is critical that we pass an increase in the public debt limit before we adjourn for the August recess. In addition, the Administration needs to inform us of RTC ' s further financing needs. Specifically, we need to know (1) why additional financing above that provided in FIRREA last year is necessary; (2) how much additional financing is needed; (3) when the current amount of authorized RTC financing will be exhausted; and (4) what form the additional financing should take." Status of Congressional Budget Resolutions The House of Representatives adopted a budget resolution (H.
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You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Joint Committee On Taxation to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In any case, it is highly likely that default would occur before Congress returns in September." Two factors primarily require an earlier than expected increase in the debt limit. The pace for settling the affairs of failed savings and loan associations has accelerated in recent months, and completion of the arrangements for each associations involves incurrence of additional public debt.
The second factor is the sluggish economy which continues to grow but at a significantly slower pace than t...he Administration's projections in the recent past, and smaller amounts of additional revenues are generated as a result.
In his announcement of the hearings. Chairman Rostenkowski said, "It is critical that we pass an increase in the public debt limit before we adjourn for the August recess. In addition, the Administration needs to inform us of RTC ' s further financing needs. Specifically, we need to know (1) why additional financing above that provided in FIRREA last year is necessary; (2) how much additional financing is needed; (3) when the current amount of authorized RTC financing will be exhausted; and (4) what form the additional financing should take." Status of Congressional Budget Resolutions The House of Representatives adopted a budget resolution (H.
What to read after Increasing the Public Debt Limit : Scheduled for a Public Hearing Before the Committee On Ways And Means On July 11, 1990 Jcx-18-90?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Joint Committee On Taxation to read onlineMoreLess
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