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Tag Archives: debt limit

Federal Agency Spending Outpaced by Debt Obligations

Even if the federal government completely stops discretionary program spending in the second half of fiscal 2011, the savings would not be enough to cover federal debt obligations, FierceGovernment.com reports. The Congressional Research Service released a report June 8, saying the savings would total $688 billion. However, in order for …

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5 Things You Should Know about the Debt Ceiling

The federal government’s debt has never been more of a hot-button issue than it is now. After threatened government shutdowns and continued wrangling over the deficit, the current political fight hinges on the debt ceiling, a provision of a nearly century-old law that allows Congress to set the allowable limit …

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