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A History of U.S. Debt Limits

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NBER2015-12-01 更新2025-01-04 收录
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Congress first imposed an aggregate debt limit in 1939 when it delegated decisions about designing US debt instruments to the Treasury. Before World War I, Congress designed each bond and specified a maximum amount of each bond that the Treasury could issue. It usually specified purposes for which

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2015-12-01
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