The statutory limit on federal debt, which has been suspended since February 2018, will be automatically reset on March 2, 2019. Unless legislation suspends or increases the limit, the Treasury will need to take “extraordinary measures” to borrow the additional funds needed to finance the government’s programs and activities. However, if the debt limit remains unchanged, the ability to borrow using those measures will ultimately be exhausted, and the Treasury will probably run out of cash near the end of this fiscal year or early in the next one, CBO estimates.
MAJOR RECURRING REPORTSView All
- H.R. 639, a bill to amend section 327 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act to clarify that National Urban Search and Rescue Response System task forces may include Federal employees
- H.Con. Res. 16, a concurrent resolution authorizing the use of the Capitol Grounds for the National Peace Officers Memorial Service and the National Honor Guard and Pipe Band Exhibition
- H. Con. Res. 19, a concurrent resolution authorizing the use of the Capitol Grounds for the Greater Washington Soap Box Derby