Targeted News Service logo

-- Preview Email Newsletter
Politics: President George H.W. Bush Newsletter for 2023-02-12 ( 1 items )  
Congressional Research Service: 'Budget Process Reforms Included in Debt Limit Legislation' (10)
WASHINGTON, Feb. 10 -- The Congressional Research Service issued the following report (No. R47415) on Feb. 9, 2023, entitled "Budget Process Reforms Included in Debt Limit Legislation" by Megan S. Lynch, Congress and legislative process specialist. Here are excerpts: * * * SUMMARY The amount of money that Treasury may borrow is restricted by a statutory limit on the debt, which is currently set to reach its limit of $31.385 trillion sometime in 2023. In the past 40 years, 48 measures have be more PR