Search TXNP

< More Funders and Foundations

Sunday, January 21, 2018

Share: facebooktwitterdigg

The U.S. Debt Limit - Frequently Asked Questions
Pew Charitable Trusts

July, 2011

The debt limit (also called the debt ceiling) is established in law and limits the amount of debt that the federal government can issue. If the federal government reaches the debt ceiling and its obligations continue to exceed revenues, it eventually will be unable to make some payments and will face default.  According to estimates by the U.S. Department of the Treasury, the government will exceed the debt limit on August 2, 2011. 

The Pew Fiscal Analysis Initiative has developed a fact sheet answering frequently asked questions about the federal debt limit and the consequences of defaulting on the government’s obligations.


Your TXNP Weekly E-Newsletter is made possible by the generosity of:

FROST in many Texas cities

TXNP Professional Members Are Dedicated to Texas and Texans.

Aurora Grants & Consulting |Dawson Murray Teague Communications | ELITE Research | FOR THE PHILANTHROPIST | Graystone Consulting | J A Churchill Associates | John F. Lewis PC | McConnell & Jones LLC

Sign up for your personal TXNP E-Newsletter

at-t Meadows Foundation express news HOBLITZELLE FOUNDATION v greenly zachry foundation w b h b bank of america southwest airlines Sid W. Richardson Foundation forst