|LC Classifications||KF27 .W3 1972|
|The Physical Object|
|Pagination||iv, 251 p.|
|Number of Pages||251|
|LC Control Number||72600659|
Get this from a library! Administration request for increase in debt ceiling: hearing before the Committee on Ways and Means, House of Representatives, Ninety-fourth Congress, second session, Febru [United States. Congress. House. Committee on Ways and Means.]. Get this from a library! Increase in public debt ceiling. Hearings, Ninety-first Congress, first session, on administration's proposal to redefine and increase the public debt ceiling. March 5, [United States. Congress. House. Committee on Ways and Means.] -- Considers Presidential requests for an increase in the public debt ceiling and a redefinition of the national debt that would. Get this from a library! Material relating to the Administration proposal concerning petroleum import license fees and Administration's request for an increase in the public debt ceiling, including statements of the Secretary of the Treasury and the Director of the Office of Management and Budget, before the Committee on Ways and Means in public hearings on Janu WASHINGTON, Dec. The Eisenhower Administration is expected to ask Congress next month for an increase in the national debt ceiling. View Full Article in Timesmachine».
In a statement on the debt limit by the Treasury Department, Secretary Regan said the Administration was asking Congress to raise the limit to $ billion, from $ billion. The current limit. U.S. government debt will nearly equal the size of the entire economy for first time since World War II, CBO finds Report comes after huge increase in . Photographer: Eric Draper, Public Domain. The debt ceiling was raised on seven occasions during President George W. Bush's two terms in office, from $ trillion in to nearly double that, $ trillion, in - an increase of $ trillion or 90 percent. Under Bush the debt ceiling increased: by $ billion to $ trillion in. The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past. Failing to increase the debt limit would have catastrophic economic consequences.
A White House official said the administration would be open to combining a debt limit increase and new defense and nondefense budgetary caps. which includes both a cap increase and off-book. Once the debt subject to the statutory debt limit is within $ billion of the limit, the President may request an increase in the debt limit by sending a written certification to Congress that the outstanding debt is within $ billion of the debt limit, and that further borrowing is . The United States debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may debt ceiling is an aggregate figure that applies to the gross debt, which includes debt in the hands of the public and in intra-government accounts. BURGESS EVERETT (@burgessev): “Senate GOP whip Thune says current guidance is debt ceiling needs to be raised as early as Sept. .