To Increase the Public Debt Limit : Before the Committee On Ways And Means, July 28, 1987 Jcx-8-87
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H.J. Res. 324 presently is the pending order of business in the Senate. It is expected that an amendment to revise the Gramm-Rudman-Hollings procedure will be added to the resolution, but until the Senate can complete its deliberations, H.J. Res. 324 cannot advance through the legislative process.
The Treasury Department may not incur new public debt or reissue maturing public debt until the present amount of outstanding public debt falls below the permanent limit or until Congress approves an ...increase in the limit which is high enough to allow reissuing maturing debt or incurring new debt.
Since the temporary limit expired on July 17, 1987, the Treasury Department discontinued sales of savings bonds.
Payroll and contractual obligations also are being paid from the operating cash balance. In addition, the Treasury Department had to refund maturing bills on July 23 from its operating cash balance, which presently is about $20 billion.
Additional weekly bills of $13.7 billion mature on Thursday, July 30, and $10.2 billion in notes mature on Friday, July 31, 1987.
What to read after To Increase the Public Debt Limit : Before the Committee On Ways And Means, July 28, 1987 Jcx-8-87?
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:
H.J. Res. 324 presently is the pending order of business in the Senate. It is expected that an amendment to revise the Gramm-Rudman-Hollings procedure will be added to the resolution, but until the Senate can complete its deliberations, H.J. Res. 324 cannot advance through the legislative process.
The Treasury Department may not incur new public debt or reissue maturing public debt until the present amount of outstanding public debt falls below the permanent limit or until Congress approves an ...increase in the limit which is high enough to allow reissuing maturing debt or incurring new debt.
Since the temporary limit expired on July 17, 1987, the Treasury Department discontinued sales of savings bonds.
Payroll and contractual obligations also are being paid from the operating cash balance. In addition, the Treasury Department had to refund maturing bills on July 23 from its operating cash balance, which presently is about $20 billion.
Additional weekly bills of $13.7 billion mature on Thursday, July 30, and $10.2 billion in notes mature on Friday, July 31, 1987.
What to read after To Increase the Public Debt Limit : Before the Committee On Ways And Means, July 28, 1987 Jcx-8-87?
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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