Friday, November 19, 2004
Bush signs $800 billion debt limit hike
CNN.com - Bush signs $800 billion debt limit hike - Nov 19, 2004: "The fight over raising the debt limit has become a staple of the Bush years, which will have now seen three such increases and two consecutive record annual deficits.
The government reached the current $7.38 trillion cap last month, paying its bills since with investments from a civil service retirement account, which it plans to repay. Even so, Republican leaders postponed the showdown vote until after the election, realizing Democrats would use the issue to highlight the red ink of the Bush years."
The government reached the current $7.38 trillion cap last month, paying its bills since with investments from a civil service retirement account, which it plans to repay. Even so, Republican leaders postponed the showdown vote until after the election, realizing Democrats would use the issue to highlight the red ink of the Bush years."
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