Fiscal Outlook: Understanding The Federal Debt
Information about the basics of federal debt, who owns debt, how Treasury manages debt, and key policy considerations.
Looking for our recommendations? Click on any report to find each associated recommendation and its current implementation status.
Bureau of the Fiscal Service's Fiscal Years 2013 and 2012 Schedules of Federal Debt
GAO-14-173: Published: Dec 12, 2013. Publicly Released: Dec 12, 2013.
Analysis of 2011-2012 Actions Taken and Effect of Delayed Increase on Borrowing Costs
GAO-12-701: Published: July 23, 2012. Publicly Released: July 23, 2012.
Buybacks Can Enhance Treasury's Capacity to Manage under Changing Market Conditions
GAO-12-314: Published: March 7, 2012. Publicly Released: March 7, 2012.
Delays Create Debt management Challenges and Increase Uncertainty in the Treasury Market
GAO-11-203: Published: Feb 22, 2011. Publicly Released: Feb 22, 2011.
Treasury Was Able to Fund Economic Stabilization and Recovery Expenditures in a Short Period of Time, but Debt Management Challenges Remain
GAO-10-498: Published: May 18, 2010. Publicly Released: May 18, 2010.
Treasury Inflation Protected Securities Should Play a Heightened Role in Addressing Debt Management Challenges ,
GAO-09-932: Published: Sep 29, 2009. Publicly Released: Sep 29, 2009.
Treasury's Cash Management Challenges and Timing of Payments to Medicare Private Plans
GAO-09-118: Published: Jan 30, 2009. Publicly Released: Jan 30, 2009.
Treasury Has Improved Short-Term Investment Programs, but Should Broaden Investments to Reduce Risks and Increase Return
GAO-07-1105: Published: Sep 20, 2007. Publicly Released: Sep 20, 2007.
Backup Funding Options Would Enhance Treasury's Resilience to a Financial Market Disruption
GAO-06-1007: Published: Sep 26, 2006. Publicly Released: Sep 26, 2006.
Treasury Has Refined Its Use of Cash Management Bills but Should Explore Options That May Reduce Cost Further
GAO-06-269: Published: Mar 30, 2006. Publicly Released: Mar 30, 2006.