Public Hearing On Increase in the Public Debt Limit : Before the Committee On Finance On July 19, 1989 Jcx-33-89
Public Hearing On Increase in the Public Debt Limit : Before the Committee On Finance On July 19, 1989 Jcx-33-89
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Current Situation of the Public Debt At the close of business on Thursday, July 13, 1989, the outstanding public debt subject to limitation was $2,784.8 billion, and the operating cash balance was $23.3 billion.
The Secretary of the Treasury has requested that the public debt limit be increased to the level specified in H.J.
Res. 280, as passed by the House of Representatives, which is $3,122.7 billion. The Secretary, in a letter to the Senate Majority Leader, stated that the limit provided in H....J. Res.
280, which is based on the concurrent budget resolution covering fiscal year 1990, would suffice through fiscal year 1990.
The present debt limit may not allow Treasury to make the required cash advance to the Social Security Administration on August 1 because the margin between the limit and the amount outstanding — $15 billion — is less than the $18 billion estimate of the amount of the August 1 advance.
Also, on August 15, the Treasury must meet semi-annual interest obligations in excess of $17 billion on outstanding Treasury notes and bonds.
What to read after Public Hearing On Increase in the Public Debt Limit : Before the Committee On Finance On July 19, 1989 Jcx-33-89?
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:
Current Situation of the Public Debt At the close of business on Thursday, July 13, 1989, the outstanding public debt subject to limitation was $2,784.8 billion, and the operating cash balance was $23.3 billion.
The Secretary of the Treasury has requested that the public debt limit be increased to the level specified in H.J.
Res. 280, as passed by the House of Representatives, which is $3,122.7 billion. The Secretary, in a letter to the Senate Majority Leader, stated that the limit provided in H....J. Res.
280, which is based on the concurrent budget resolution covering fiscal year 1990, would suffice through fiscal year 1990.
The present debt limit may not allow Treasury to make the required cash advance to the Social Security Administration on August 1 because the margin between the limit and the amount outstanding — $15 billion — is less than the $18 billion estimate of the amount of the August 1 advance.
Also, on August 15, the Treasury must meet semi-annual interest obligations in excess of $17 billion on outstanding Treasury notes and bonds.
What to read after Public Hearing On Increase in the Public Debt Limit : Before the Committee On Finance On July 19, 1989 Jcx-33-89?
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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