| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
14 Mar 2006 12:05:21 PM |
| Object: |
Republican Treasury Secretary pushes for debt limit increase |
http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyid=2006-03-14T154424Z_01_N14336273_RTRIDST_0_ECONOMY-SNOW-DEBT-UPDATE-1.XML
WASHINGTON, March 14 (Reuters) -
U.S. Treasury Secretary John Snow said on Tuesday Congress must act
this week to raise the $8.18 trillion U.S. debt ceiling or risk losing
the confidence of markets and investors.
"Timely action on the debt ceiling this week, before Congress leaves
for recess, is critical to assure financial markets and investors that
the integrity of the obligations of the United States will not be
compromised, nor will even a risk of such compromise be countenanced,"
Snow said in remarks prepared for delivery to a conference organized
by America's Community Bankers.
If the ceiling is not raised, Treasury would not be able to issue new
debt.
The House of Representatives nearly a year ago passed a $781 billion
increase in the debt ceiling.
____________________________________________________________
"WE WILL SPEND $3.3 TRILLION OVER THE NEXT 10 YEARS ON TOP OF ---ON
TOP OF THE $1.9 TRILLION BUDGET. WE STILL HAVE TRILLIONS OF DOLLARS
LEFT IN THE SURPLUS."
George W. Bush -- Inside Politics, 8/22/00
Harry
.
|
|
|
Related Articles |
|
|
