Tag: FFB

Federal Debt (CongressionalGlossary.com)

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 […]

Federal Financing Bank (FFB) (CongressionalGlossary.com)

Federal Financing Bank (FFB) (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Federal Financing Bank (FFB) photo credit: Alun Salt The Federal Financing Bank (FFB) is a government corporation, created by Congress in the Federal Financing Bank Act of 1973 (12 U.S.C. 2281 et seq.), under the general supervision of the Secretary of the Treasury (31 U.S.C. […]