Federal Debt (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Federal Debt   The Debt Ceiling Explained: Why You Should Care   The federal debt consists of public debt, which occurs when the Treasury of the Federal Financing Bank (FFB) borrows money directly from the public or other funds or accounts, and government debt / … Read more

Borrowing Power – Article I Section 8, Clause 2 of the Constitution

The United States Constitution The Borrowing Clause is one of Congress’ enumerated powers found in the Constitution of the United States, Article. I. Section. 8., clause 2: (Clause 2 – Borrowing power) [The Congress shall have Power] To borrow Money on the credit of the United States;       Deficits & Debts: Crash Course … Read more