What Fuels the National Debt

Topics:
Investment and Capital Markets
Tags:
Finance,
Financial Accounting,
Investopedia,
Operational Accounting
Source:
Investopedia

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Overview: This article gives information about the National Debt. First established in 1789 by an Act of Congress, the United States Department of the Treasury is responsible for federal finances. This department was created in order to manage the expenditures and revenues of the U.S. government, and hence the means by which the state could raise money in order to function. Here this article examines the responsibilities of the Treasury and the reasons and means by which it takes on debt.

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Format: HTML | Date: Jan 2003 | Pages: 4

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