Debt limit episodes—which can be defined as starting when the statutory limit on federal debt restricts some of the U.S. Treasury’s normal debt operations and ending when new legislation to modify the limit is enacted—have been a recurrent federal fiscal feature in the past two decades. Since 2002, the debt limit has been modified 18 … Read more
ALEXANDRIA, VA – (October 8, 2018) – Just in time for the November midterm elections, TheCapitol.Net is pleased to announce the publication of a major new reference work, Congressional Procedure: A Practical Guide to the Legislative Process in the U.S. Congress, by Richard A. Arenberg. If the U.S. Constitution is the rule book, this is … Read more
The Temporary Assistance for Needy Families (TANF) Block Grant: Responses to Frequently Asked Questions, CRS Report RL32760, September 27, 2013 (49-page PDF) Government Shutdown: Operations of the Department of Defense During a Lapse in Appropriations, CRS Report R41745, October 7, 2013 (37-page PDF) EPA Standards for Greenhouse Gas Emissions from Power Plants: Many Questions, Some … Read more
Ordering a Roll Call Vote in the Senate, CRS Report RS20199, September 9, 2013 (5-page PDF) Funding and Financing Highways and Public Transportation, CRS Report R42877, September 23, 2013 (38-page PDF) Federal Permitting and Oversight of Export of Fossil Fuels, CRS Report R43231, September 17, 2013 (20-page PDF) Reaching the Debt Limit: Background and Potential … Read more
Hydropower: Federal and Nonfederal Investment, CRS Report R42579, January 22, 2013 (32-page PDF) Using Business Tax Cuts to Stimulate the Economy, CRS Report RL31134, January 18, 2013 (21-page PDF) Trade Primer: Qs and As on Trade Concepts, Performance, and Policy, CRS Report RL33944, January 18, 2013 (39-page PDF) An Analysis of Where American Companies Report … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Deficit / Budget Surplus Lesson 1 National Debt & Budget Deficit Explained The relationship between spending and revenues is reflected in the surplus or deficit figure. A surplus is an excess of revenues over outlays, while a deficit is an excess of … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Deeming Resolution “Deeming resolution” is a term that refers to legislation deemed to serve as an annual budget resolution for purposes of establishing enforceable budget levels for a budget cycle. A deeming resolution is used when the House and Senate are late in reaching final … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Means of Financing photo credit: photosteve101 Ways in which a budget deficit is financed or a budget surplus is used. A budget deficit may be financed by the Department of the Treasury (Treasury) (or agency) borrowing, by reducing Treasury cash balances, by the sale of … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Statutory Limit on the Public Debt / Budget Control Act of 2011 The maximum amount, established in law, of public debt that can be outstanding. The debt limit covers virtually all debt incurred by the Federal Government (primarily the Treasury Department), including borrowing from trust … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Public Debt / Debt Ceiling / Debt Limit Debt Limit – A Guide to American Federal Debt Made Easy Public Debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The … Read more