Public Debt Acts: Difference between revisions
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== United States == |
== United States == |
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* The United States Public Debt Act of 1939 eliminated separate limits on different types of debt.<ref> |
* The United States Public Debt Act of 1939 eliminated separate limits on different types of debt.<ref name=enotes> |
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{{cite web |
{{cite web |
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|url = http://www.enotes.com/major-acts-congress/public-debt-acts |
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|publisher = E-Notes |
|publisher = E-Notes |
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* The Public Debt Act of 1941 raised the limit, and consolidated nearly all federal borrowing under the [[U.S. Treasury]]. |
* The Public Debt Act of 1941 raised the aggregate limit on all obligations to $65 billion, and consolidated nearly all federal borrowing under the [[U.S. Treasury]].<ref name=enotes /> |
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Subsequent Public Debt Acts continued to amend the aggregate limit. The 1942, 1943, 1944, and 1945 acts raised the limit to $125 billion, $210 billion, $260 billion, and $300 billion respectively.<ref name=enotes /> |
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There were further acts passed in 1942, 1943, 1944, 1945, and future years. |
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In 1946, the Public Debt Act was amended to reduce the debt limit to $275 billion.<ref name=enotes /> |
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==External Links== |
==External Links== |
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[http://www.treasurydirect.gov/NP/BPDLogin?application=np US Treasury Debt to the Penny (Daily)] |
[http://www.treasurydirect.gov/NP/BPDLogin?application=np US Treasury Debt to the Penny (Daily)] |
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[http://www.usdebtclock.org/ Estimated Debt to the Penny (Real Time)] |
[http://www.usdebtclock.org/ Estimated Debt to the Penny (Real Time)] |
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Revision as of 19:04, 9 October 2013
Public Debt Acts are Acts of Congress which attempt to define public spending limits within a fiscal year.
United States
- The United States Public Debt Act of 1939 eliminated separate limits on different types of debt.[1]
- The Public Debt Act of 1941 raised the aggregate limit on all obligations to $65 billion, and consolidated nearly all federal borrowing under the U.S. Treasury.[1]
Subsequent Public Debt Acts continued to amend the aggregate limit. The 1942, 1943, 1944, and 1945 acts raised the limit to $125 billion, $210 billion, $260 billion, and $300 billion respectively.[1]
In 1946, the Public Debt Act was amended to reduce the debt limit to $275 billion.[1]
As of 16 January 2013[update], the United States public debt was $16.4 trillion ($16,432,620,067,491.45).
References
- ^ a b c d McCaffery, Edward J. "Major Acts of Congress: Public Debt Acts". E-Notes.
External Links
US Treasury Debt to the Penny (Daily) Estimated Debt to the Penny (Real Time)
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