US House starts process to raise debt limit
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The US House of Representatives on Thursday prepared to raise the nation&#39;s debt ceiling by $800 billion, taking the new limit to $8.184 trillion.
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House Republican leaders were forced yesterday to summon lawmakers back into session next month to quell an uproar over a belatedly discovered provision in a huge spending bill that would have
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Treasury Secretary Henry Paulson told Congress on Wednesday that the federal government will hit the current debt ceiling on Oct. 1
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The government should hit the national debt&#39;s $7.4 trillion ceiling this month, and the Bush administration told Congress again Monday it should raise the limit.
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The U.S. House of Representatives on  Wednesday overwhelmingly passed legislation to hike fines to as  much as $500,000 on broadcasters and entertainers who violate  decency limits on the air.
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The US House of Representatives approves a major financial package designed to stimulate the US economy.
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Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn't count on help from Washington this year. Regulators and lawmakers seem to be taking a wait-and-see approach as they confront the fallout from several years of lenders making too many home loans to people with inadequate credit.
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A bill to raise taxes on "carried interest" compensation awarded to private equity firm partners was introduced on Friday by 14 Democratic members of the U.S. House of Representatives.
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With the House set to take up legislation that would sharply cut subsidies to student loan companies by about $19 billion, lenders are trying to appeal to Democrats.
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WASHINGTON -- Treasury Secretary Henry Paulson told Congress on Wednesday that the federal government will hit the current debt ceiling on Oct. 1.
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Democrats accused Republicans of disastrous economic policies as Congress moved Thursday toward shipping President Bush an &#36;800 billion increase in the federal borrowing limit.
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Key House leaders are pushing to sharply limit the scope of the alternative minimum tax, providing relief to many families who already pay the unpopular levy as well as millions more who would be hit for the first time next year.
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The House is expected to approve legislation this week that seeks to increase exponentially the amount of money broadcasters and performers would have to pay for indecency violations.
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Democratic leaders in the U.S. House  of Representatives on Tuesday began laying the groundwork for  an economic stimulus plan of about $100 billion that likely  will include tax rebates to help stave off a possible  recession.
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The U.S. House of Representatives on  Wednesday overwhelmingly passed legislation to hike fines to as  much as $500,000 on broadcasters and entertainers who violate  decency limits on air.
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Democratic leaders in the U.S. House of Representatives on Tuesday began laying the groundwork for an economic stimulus plan of about $100 billion that likely will include tax rebates to help stave off a possible recession.
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U.S. House of Representatives  lawmakers this week will propose restricting ownership of banks  by commercial companies in a legislative push to derail the  efforts of retailing giants to move into financial services.