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

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

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Full Report (44 pages)

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Topics

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