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Comprehensive coverage of all aspects of the ongoing federal debt limit and deficit reduction controversies is included in this six-hundred page ebook, which provides official information on federal debt management along with full coverage of the three competing visions of deficit reduction: the report The Moment of Truth, Final Report of National Commission on Fiscal Responsibility and Reform; the April 13 speech by President Barack Obama on fiscal policy; and the House Republican Roadmap for America's Future, written by Congressman Paul Ryan, Ranking Member of the Committee on the Budget.

DEBT LIMIT: The ongoing controversy in Washington over raising the federal debt limit is the subject of this comprehensive, ten chapter, four-hundred page ebook which provides detailed and authoritative information on all aspects of federal debt management. Treasury officials believe that a failure by Congress to raise the debt limit would have catastrophic economic consequences. Congressional Republicans have stated that the debt limit extension should be linked to federal deficit reduction measures. Issues covered include: the debt limit and the Treasury; past Treasury actions to postpone reaching the debt limit; current Treasury actions in 2011; potential implications of reaching and not raising the debt limit; possible options for Treasury and OMB, potential impacts on government operations and programs, the distinction between a debt limit crisis and a government shutdown, potential economic and financial effects, considerations for the current debt limit debate, implications of future federal debt on the debt limit, and much more. Contents include: Chapter 1: Debt Limit - Delays Create Debt Management Challenges and Increase Uncertainty in the Treasury Market (February 2011 GAO Report) * Chapter 2: Federal Debt: Answers to Frequently Asked Questions: An Update (GAO) * Chapter 3: Debt Management: Treasury Has Refined Its Use of Cash Management Bills but Should Explore Options That May Reduce Cost Further (GAO Report) * Chapter 4: Debt Management: Treasury Inflation Protected Securities Should Play a Heightened Role in Addressing Debt Management Challenges (GAO Report 2009) * Chapter 5: Debt Management Overview * Chapter 6: Report to the Secretary of the Treasury: Financial Audit: Bureau of the Public Debt's Fiscal Years 2010 and 2009 Schedules of Federal Debt (November 2010) * Chapter 7: Department of the Treasury: Debt Limit Background Information and Specifics Regarding the Debate to Raise the Limit This Year * Chapter 8: Statements by Congressional Republicans on The Debt Limit Issue * Chapter 9: Statements by Congressional Democrats * Chapter 10: Reaching the Debt Limit: Background and Potential Effects on Government Operations - CRS Report (February 2011).

DEFICIT: The historic deficit commission report issued in December 2010 also contains the additional comments of members of the commission released in January 2011. Co-chaired by Erskine Bowles and Alan Simpson, the panel produced an important set of recommendations for reducing the federal deficit. The panel's findings are serving as the basis for the ongoing debate in Washington over the nation's budget. In his speech, President Obama said: "To meet our fiscal challenge, we will need to make reforms. We will all need to make sacrifices. But we do not have to sacrifice the America we believe in. And as long as I’m President, we won’t." The House Republican roadmap states: "This proposal does not attempt to abandon commitments Americans established over the past century, or to dismantle government. It recognizes that government has a necessary role in supporting the institutions through which Americans live their lives, and in providing a safety net for those who face financial or other hardships.”

This is a privately authored news service and educational publication of Progressive Management.

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