Debt Ceiling: Analysis of Actions During the 1995-1996 Crisis

AIMD-96-130 Published: Aug 30, 1996. Publicly Released: Aug 30, 1996.

Highlights

Pursuant to a congressional request, GAO reviewed the Department of the Treasury's actions during the 1995-1996 debt ceiling crisis, focusing on: (1) investments and redemptions in federal trust funds; and (2) the Treasury's restoration of fund losses.

Full Report

Full Report (44 pages)

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Chuck Young

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(202) 512-4800

Topics

Budget and Spending

Authority to borrow from publicBudget obligationsDebt subject to statutory limitationDeficit financingFunds managementInvestmentsLossesPublic debtTrust fundsUS Treasury securities