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"Fiscal Space" and the Federal Budget

Federal & State Law Editorial TeamLast reviewed: December 2016
December 9, 2016

Summary

This report discusses plans for the federal budget and the concept of "fiscal space," or the amount of room available for additional government borrowing.

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Note: CRS reports are prepared for Members of Congress and their staffs. This summary is provided for informational purposes and does not constitute legal advice.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.