Public debt reduction fund
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Public debt reduction fund

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Published by Congressional Research Service, Library of Congress in [Washington, D.C.] .
Written in English


  • Debts, Public -- Law and legislation -- United States,
  • Taxation -- Law and legislation -- United States

Book details:

Edition Notes

StatementLouis Alan Talley
SeriesMajor studies and issue briefs of the Congressional Research Service -- 1991, reel 5, fr. 0087
ContributionsLibrary of Congress. Congressional Research Service
The Physical Object
Pagination3 p.
ID Numbers
Open LibraryOL15458569M

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  Funded Debt: A funded debt is a company's debt that will mature in more than one year or one business cycle. This type of debt is classified as funded debt because it is funded by interest. a Treasury fund titled “Gifts to the United States for Reduction of the Public Debt,” subsequently referred to in this report as the “Public Debt Reduction Fund.”7 Four bills have been introduced in the th Congress to add another method of making a contribution to reduce the national debt. These bills would permit taxpayers to Author: James M. Bickley. The Bureau of the Public Debt was an agency within the Fiscal Service of the United States Department of the Treasury. United States Secretary of the Treasury Timothy Geithner directed the Bureau be combined with the Financial Management Service into the single Bureau of the Fiscal Service in Under authority derived from Article I, section 8 of the Constitution, the Bureau of Public Superseding agency: Bureau of the Fiscal Service. Borrows the money needed to operate the Federal Government, accounts for the resulting public debt, and issues Treasury securities (Savings Bonds and Treasury Bills) to .

  The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid's through —covering a variety of topics from agriculture to foreign policy to welfare.   Written and researched by a team of experts from the International Monetary Fund, other policy-making institutions, and academia, this timely book looks at fiscal adjustment plans in advanced economies, comparing the planned or projected reductions in debts and deficits to the actual outcomes, and explaining why objectives were met in some. Additional Public Laws. Though generally not applicable to federal entities conducting debt collection, the following public laws provide useful debt collection guidelines: Fair Credit Reporting Act of Pub.L. 15 U.S.C. et seq. Fair Debt Collection Practices Act of Pub.L. 15 U.S.C. et seq. Last modified 08/27/ Gift Contributions to Reduce Debt Held by the Public. The Bureau of the Fiscal Service may accept gifts donated to the United States Government to reduce debt held by the public. Acting for the Secretary of the Treasury, Fiscal Service may accept a gift of: Money, only on the condition that it be used to reduce debt held by the public.

survey on public debt).2 This paper focuses on the long-run effects of public debt. There are several channels through which high debt could adversely impact medium- and long-run growth which have received attention in the literature: high public debt can adversely affect capital accumulation and growth via higher long-term interest rates (Gale. The national debt of the United States is the total debt, or unpaid borrowed funds, carried by the federal government of the United States, which is measured as the face value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies. The terms "national deficit" and "national surplus" usually refer to the federal government.   In addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The four main consequences are: Lower national savings and income Higher interest payments, leading to large tax hikes and spending cuts Decreased ability to respond to problems Greater risk of a fiscal crisis According to the report, debt held by the. As at end-March , public debt reached at Rs, billion, an increase of Rs billion or 8 percent higher than the debt stock at the end of last fiscal year. Public debt as a percent of GDP reached at percent of GDP by end-March compared to percent during the same period last year. The primary source of increase in public File Size: KB.