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Thursday, November 21, 2013

Enactment of a Change in the Statutory Debt Limit: Prior Instances that Included a Change in Fiscal Policy

Mindy Levit
Analyst in Public Finance

Justin Murray
Information Research Specialist

Jared Conrad Nagel
Information Research Specialist

This memorandum was prepared for distribution to more than one congressional office. It addresses instances in which the enactment of a change in the statutory debt limit included a change in fiscal policy.
The memorandum provides a response to requests for this information from staff during both past and current debates over changing the statutory debt limit. For purposes of this memorandum, a change in fiscal policy is defined as any direct change in spending or revenues or any budget process reform intended to result in some change in spending or revenues.

Date of Report: September 19, 2013
Number of Pages: 8
Order Number: M-091913
Price: $19.95

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