Democratic Underground - Bush signs debt limit increase to $8.965 trillion

Bush signs debt limit increase to $8.965 trillion [View All]

UpInArms

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Mon Mar-20-06 02:38 PM
Original message

Bush signs debt limit increase to $8.965 trillion

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http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-03-20T183731Z_01_N20270641_RTRIDST_0_ECONOMY-DEBT-BUSH.XML

CLEVELAND, March 20 (Reuters) - President George W. Bush on Monday signed into law a $781 billion increase in U.S. borrowing authority, making the Treasury Department's new debt limit $8.965 trillion, White House spokesman Scott McClellan said.

Last week, the Senate approved the increase in borrowing authority requested by the Treasury Department to avoid a government default. The U.S. House of Representatives approved the legislation nearly a year ago.

Bush was in Cleveland delivering a speech on Iraq on the third anniversary of the U.S.-led war.

...short blurb...

Long live Irony! Irony is Dead!

Record debt and the anniversary of Dubya's Folly.

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Bush signs debt limit increase to $8.965 trillion [View All]