The new German government honored, after a fashion, pre-existing government obligations.

Today, the Fed continues as custodian of the "foreign official holdings" of such government obligations.

The federal government's cash-based budget process is largely a short-term plan focusing on the short- to medium-term cash implications of government obligations and fiscal decisions.

The threat of defaulting on government obligations is a powerful weapon, especially in a complex, interconnected world economy.

The theory is that new residents can assist in meeting future government obligations relating to pay-as-you-go liabilities.

Add-on accounts would increase savings - some would call it a new tax - but would not reduce government obligations.

The debt limit encompasses two categories of government obligations.

The monetary authority does this by buying or selling financial assets (usually government obligations).

The draft envisions more limited government obligations: ensuring that the status of an endangered plant or animal gets no worse and helping to make it better.

This admirable goal needs to be defined politically and translated into government obligations.