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Finance committee It really depends on the size of the account and the risk as the agency measures it.
June 19th, 2006Committee meeting
Jamie Hood
Finance committee In 2004-05, the allowance for doubtful accounts was $4.7 billion, of the $18 billion.
June 19th, 2006Committee meeting
Jamie Hood
Finance committee In 2004-2005, in fact, the agency received $11 billion in new debt, but it also resolved.... It collected $9 billion in cash and it wrote off $2 billion. So in 2004-2005, there was actually a net increase of zero. But in the previous years it was always an increase of $1 billion or $2 billion each year.
June 19th, 2006Committee meeting
Jamie Hood
Finance committee In 2004-2005 it was a writeoff of $2 billion, which was actually about double the average for all prior years.
June 19th, 2006Committee meeting
Jamie Hood