Key Issues > Fiscal Outlook > Understanding the Federal Debt

Fiscal Outlook: Understanding The Federal Debt

Information about the basics of federal debt, who owns debt, how Treasury manages debt, and key policy considerations.

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Financial Audit

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.

Debt Limit

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.

Debt Management

Buybacks Can Enhance Treasury's Capacity to Manage under Changing Market Conditions
GAO-12-314: Published: March 7, 2012. Publicly Released: March 7, 2012.

Debt Limit

Delays Create Debt management Challenges and Increase Uncertainty in the Treasury Market
GAO-11-203: Published: Feb 22, 2011. Publicly Released: Feb 22, 2011.

Debt Management

Debt Management

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.

Debt Management

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.

Debt Management

Debt Management

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.

Debt Management

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.

Portrait of Susan Irving
Susan Irving
Director, Strategic Issues
irvings@gao.gov
202-512-6806