Public Debt Acts
Encyclopedia
Public Debt Acts are Acts of Congress
which attempt to define public spending limits within a fiscal year.
There were further acts passed in 1942, 1943, 1944, 1945, and future years.
, the United States public debt
stood at $14,516,592,000,000.
Act of Congress
An Act of Congress is a statute enacted by government with a legislature named "Congress," such as the United States Congress or the Congress of the Philippines....
which attempt to define public spending limits within a fiscal year.
United States
- The United States Public Debt Act of 1939 eliminated separate limits on different types of debt.
- The Public Debt Act of 1941 raised the limit, and consolidated nearly all federal borrowing under the U.S. Treasury.
There were further acts passed in 1942, 1943, 1944, 1945, and future years.
, the United States public debt
United States public debt
The United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies...
stood at $14,516,592,000,000.