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Downplaying debt limit increase. (Insider Report).(Brief Article)
President Bush on May 27th signed into law important legislation supposedly needed to prevent an unprecedented federal default. But he signed the bill without any public ceremony or fanfare. Instead, the White House issued a simple, one-sentence statement that read, in its entirety: "On Tuesday, May 27, 2003, the President signed into law: H.J.Res. 51, which increases the public debt limit from $6.4 trillion to $7.384 trillion."
That increase, $984 billion, is the largest jump ever in the debt limit. In fact, the debt limit did not exceed $1 trillion until 1981. Now, only 22 years later, the debt limit was increased by almost a trillion dollars in a single act. Obviously, Mr. Bush did not want to make his signing of this legislation a media event.
But the following day, May 28th, was different, when, amidst plenty of fanfare at a White House ceremony, Mr. Bush signed into ...
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- Newspaper article from: The Washington Post Eric Pianin March 8, 1996 700+ words
...a default by the Treasury. But the White House and Republicans appear on a collision...another partial government shutdown. The White House has threatened to veto GOP spending...restore roughly half that amount, but the White House and GOP leaders disagree over how to...
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- Newspaper article from: The Washington Times Hill, Patrice February 2, 1996 700+ words
...strategies during a debt-limit impasse...Treasury and the White House say President...involved in the debt-limit decisions were White House Chief of Staff...actions on the debt limit last fall and...extent of any White House political ...
- There are no surprises in battle for debt limit, taxes.(alternative minimum...
- Magazine article from: The Bond Buyer Ferris, Craig T. October 23, 1995 700+ words
...broke out over the debt limit between the White House and congressional...extension of the debt limit is passed and the...Congress and the White House have gotten into...an increase in the debt limit has always been held...
- GOP gets deadline to extend debt limit: Treasurer predicts default by March.(A)
- Newspaper article from: The Washington Times Lambro, Donald January 23, 1996 700+ words
...to use the debt limit to shut down...government. White House Press Secretary...to send a debt-limit extension...part, the White House, as it did...proposals to a debt-limit extension bill, but the White House responded...
- Armey Takes Hard Line on Debt Limit
- Newspaper article from: Chicago Sun-Times CLAY CHANDLER January 22, 1996 700+ words
...running, and that without an increase in the debt limit soon, the government could be forced into the...Republicans were ready to raise the $4.9 trillion debt limit without provisions the White House might find objectionable. But Armey said Kasich...
- Bush Tells Lawmakers They Must Approve Major Increase in Federal Debt Limit.
- Newspaper article from: Knight Ridder/Tribune Business News June 26, 2002 700+ words
...increase of the debt limit and separate antiterrorism...chambers including the debt limit, antiterrorism...said than done. White House budget director...smaller straight debt-limit increase, but only if the White House works out a plan...
- Bill hiking U.S. debt limit OKd, sent to Reagan
- Newspaper article from: Chicago Sun-Times May 15, 1987 700+ words
...reduction measure to the debt-limit bill. Baker makes plea But White House chief of staff Howard...action on the crucial debt-limit issue. Had the...measure when the next debt limit bill comes up this...Oct. 1, but the White House conceded yesterday...
- Transcript of White House Press Briefing by Mike McCurry March 20 (4 of 4)
- Newspaper article from: U.S. Newswire March 20, 1996 700+ words
...following is a transcript of the White House press briefing by Mike McCurry...mistake in the view of the White House. Q -- in this budget meeting...progress can be made. Q On the debt limit extension, would the White House object to a attaching regulatory...
Source: HighBeam Research, Downplaying debt limit increase. (Insider Report).(Brief Article)