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Legislation News & Report (TM) TheWeekInCongress.com (TM) Managing America: Public Debt |
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TheWeekInCongress.com (TM) Week Ending September 28, 2007
H.J.RES.43 Increasing the statutory limit on the public debt.
The allowed limit on the public debt is raised from $8.965 trillion to $9.815 trillion. The CBO explained that the measure would result in no costs or savings to the Federal government because it does not change any of the government’s tax or spending policies.
$9.815 - $8.965 $0.860 = $860 billion
Sponsor: No sponsor Vote: Passed the House by previous agreement. Agreed to by the Senate 53 to 42 September 27, 2007. RV 354
## All Rights Reserved. © 2007 TheWeekInCongress.com(TM) No reproduction, language translation or distribution without written permission from TheWeekInCongress.com.(TM)
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## All Rights Reserved. © 2007 TheWeekInCongress.com.(TM) No reproduction, language translation or distribution without written permission from TheWeekInCongress.com.(TM)
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