Question
The Clinton administration proposed in the spring of 1993 to shorten the average maturity of the federal debt to reduce interest outlays in the budget.
The Clinton administration proposed in the spring of 1993 to shorten the average maturity of the federal debt to reduce interest outlays in the budget. How would the administration do this, and what problems might this cause?
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
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