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Post-election economic tremors.(Insider Report)(Brief Article)
On November 3, with most of the nation still fixated on the closely fought presidential election, the Bush administration quietly announced "that it will run out of maneuvering room to manage the government's massive borrowing needs in two weeks, putting more pressure on Congress to raise the debt ceiling when it convenes for a special post-election session," reported the AP.
The federal government collided with the $7.384 trillion debt ceiling on October 14, forcing the Treasury to use "a series of bookkeeping maneuvers to keep financing the government's normal operations without breaching the debt ceiling," continued the report. With Treasury Secretary John Snow fresh out of accounting tricks and a ...
- TREASURY SECRETARY GETS GOP WARNING ABOUT DEBT CEILING.(MAIN)
- Newspaper article from: Albany Times Union (Albany, NY) December 26, 1995 700+ words
...raise the debt ceiling are approaching...letter to Treasury Secretary Robert E...to stop the Treasury secretary even if it...9 trillion debt ceiling by fiddling...granted to the Treasury secretary in the event...
- GOP Using Debt Ceiling to Leverage Balanced Budget Plan
- Transcript from: NPR Morning Edition January 17, 1996 700+ words
...s very hard to get to a debt ceiling agreement without a balanced...bias against raising the debt ceiling. PETER KENYON: Treasury Secretary Robert Rubin has been borrowing...technically violating the debt ceiling. Those measures are only...
- ARMEY SAYS CONGRESS WON'T RAISE DEBT CEILING WITHOUT A BUDGET DEAL.(MAIN)
- Newspaper article from: Albany Times Union (Albany, NY) January 22, 1996 700+ words
...budget and raise the debt ceiling until the White House...and preventing the treasury secretary from ``ever again...November vetoed a debt ceiling measure with similar restrictions, Treasury Secretary Robert Rubin twice...
- Congress Passes Bill to Raise Debt-Ceiling Limit
- Transcript from: NPR Morning Edition March 29, 1996 700+ words
...government's debt ceiling to $5-1...juggling by Treasury Secretary Robert Rubin...America to the debt ceiling - the line...pleased that the debt- ceiling issue had finally...resolved. Treasury Secretary Rubin said...
- O'Neill urges debt ceiling increase.
- News wire article from: United Press International May 10, 2002 700+ words
...May 08, 2002 U.S. Treasury Secretary Paul O'Neill urged...quickly on raising the debt ceiling for the U.S. budget. The treasury secretary spoke to a small group...Security. "We need a debt ceiling passed, we need this...
- www.dailyreckoning.com: America's Debt Ceiling: A Dangerous Shell Game.
- Press release article from: PR Newswire March 7, 2006 700+ words
...March 7 /PRNewswire/ -- The federal government is fast pressing up against its legal debt ceiling. With just $25 million of wiggle room, Treasury Secretary John Snow is urging Congress to raise the limit quickly to prevent the U.S. from...
- GOP Is Split On Raising Debt Ceiling; Armey Seeks to Force Concessions by...
- Newspaper article from: The Washington Post Clay Chandler January 22, 1996 700+ words
...would "stop the treasury secretary from . . . raiding...bill to increase the debt ceiling that included such...authority of the treasury secretary. "The president...extension of the debt ceiling," Panetta said...
- Republican Leaders Consider Brief Debt Ceiling Extension; Dole, Gingrich Call...
- Newspaper article from: The Washington Post Eric Pianin; Ann Devroy October 31, 1995 700+ words
...blackmail" with the debt ceiling to force President...have to extend the debt ceiling on a temporary basis...said. He said that Treasury Secretary Robert E. Rubin...request to boost the debt ceiling through Jan. 1 was...