(Reuters) - "These actions should be reserved only for extraordinary circumstances, and should be avoided," Paulson said.
The U.S. debt limit is set by statute, so the Treasury has to seek Congress' approval for an increase. With both houses of Congress now under Democratic control, the request likely sets the stage for a debate about the Bush administration's management of the economy and of the national debt.
Read more at Reuters.com Bonds News
The U.S. debt limit is set by statute, so the Treasury has to seek Congress' approval for an increase. With both houses of Congress now under Democratic control, the request likely sets the stage for a debate about the Bush administration's management of the economy and of the national debt.
Read more at Reuters.com Bonds News
No comments:
Post a Comment