Debt Ceiling Options
AIMD-96-20R: Published: Dec 7, 1995. Publicly Released: Dec 7, 1995.
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GAO provided information on: (1) options available to the Secretary of the Treasury to meet federal government obligations and stay within the statutory debt limit; and (2) actions taken during the 1984 and 1985 debt ceiling crisis. GAO noted that: (1) during November 1995, Secretary Robert Rubin invoked his statutory authority to suspend investment in the Government Securities Investment Fund and redeem securities held by the Civil Service Retirement and Investment Fund to prevent government obligations from exceeding the debt ceiling; (2) the Secretary cannot exercise such authority until he has determined that a debt issuance suspension period exists; (3) Secretary Rubin did not invoke his authority to suspend investment in the Civil Service Retirement and Disability Fund; (4) the Secretary is required to make the funds whole after the debt crisis has ended; and (5) during the 1984 and 1985 debt ceiling crisis, former Secretary Baker took other actions affecting the trust funds before invoking his statutory authorities including delaying investment of trust fund receipts, redeeming securities of other trust funds earlier than normal, and exchanging Treasury securities held by the Civil Service Trust Fund for securities not subject to the debt ceiling.
Jun 28, 2018
U.S. Postal Service:
Projected Capital Spending and Processes for Addressing Uncertainties and RisksGAO-18-515: Published: Jun 28, 2018. Publicly Released: Jun 28, 2018.
Jun 21, 2018
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The Nation's Fiscal Health:
Action Is Needed to Address the Federal Government's Fiscal FutureGAO-18-299SP: Published: Jun 21, 2018. Publicly Released: Jun 21, 2018.
Apr 3, 2018
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Defense Budget:
Actions Needed to Improve the Management of Foreign Currency FundsGAO-18-221: Published: Apr 3, 2018. Publicly Released: Apr 3, 2018.
Feb 6, 2018
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Budget Issues:
Continuing Resolutions and Other Budget Uncertainties Present Management ChallengesGAO-18-368T: Published: Feb 6, 2018. Publicly Released: Feb 6, 2018.
Oct 12, 2017
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Public Relations Spending:
Selected Agencies' Activities Supported by Contracts and Public Affairs StaffGAO-17-711: Published: Sep 12, 2017. Publicly Released: Oct 12, 2017.
Oct 2, 2017
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U.S. Territories:
Public Debt OutlookGAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.
Sep 20, 2017
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Budget Issues:
Budget Uncertainty and Disruptions Affect Timing of Agency SpendingGAO-17-807T: Published: Sep 20, 2017. Publicly Released: Sep 20, 2017.
May 3, 2017
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The Nation's Fiscal Health:
Action is Needed to Address the Federal Government's Fiscal FutureGAO-17-579T: Published: May 3, 2017. Publicly Released: May 3, 2017.
Jan 18, 2017
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Overseas Contingency Operations:
OMB and DOD Should Revise the Criteria for Determining Eligible Costs and Identify the Costs Likely to Endure Long TermGAO-17-68: Published: Jan 18, 2017. Publicly Released: Jan 18, 2017.
Jan 17, 2017
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The Nation's Fiscal Health:
Action is Needed to Address the Federal Government's Fiscal FutureGAO-17-237SP: Published: Jan 17, 2017. Publicly Released: Jan 17, 2017.
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