Authorization / Authorization Act (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Authorization / Authorization Act Authorization – Provision in law that establishes or continues a program or agency and authorizes appropriations for it. Basic, substantive legislation that establishes or continues the legal operation of a federal program or agency, either indefinitely or for a specific period … Read more

Public Debt / Debt Ceiling / Debt Limit (CongressionalGlossary.com)

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