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R40770

Economic Effects of a Budget Deficit Exceeding $1 Trillion

Federal & State Law Editorial TeamLast reviewed: March 2010
March 12, 2010

Summary

This report evaluates questions regarding whether the current deficit is manageable and what effects it will have on the economy.

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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.