Congress Asked to Lift Debt Limit
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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 Senate neared approval of an &#36;800 billion increase in the nation's debt limit on Wednesday, a major boost in federal borrowing that Sen. John Kerry and other Democrats blamed on the fiscal policies of President Bush.
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The US House of Representatives voted to raise the debt ceiling by 800 billion dollars, helping Washington avoid running short of operating funds.
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WASHINGTON -- President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch.
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Members of the Sept. 11 commission urged Congress yesterday to impose strict deadlines on the Department of Homeland Security to close loopholes in the nation&#39;s transportation system, even if it means going up against powerful ...
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The U.S. House of Representatives on Thursday prepared to raise the nation's debt ceiling by &#36;800 billion, taking the new limit to &#36;8.184 trillion.
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President Bush on Saturday pressed   Congress for expanded veto power to rein in spending, which has   exploded during his tenure to $2.7 trillion to the anger of his   fiscal conservative supporters.
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New York Attorney General Andrew Cuomo urged Congress to step up supervision of private education lending and said he is widening his investigation of the $85 billion-a-year industry to examine loan criteria.
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The US Senate voted to raise the debt ceiling by 800 billion dollars to nearly 8.2 trillion dollars, allowing the US government to avoid the unwelcome prospect of running short of operating funds.
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House leaders have added legislation raising the federal minimum wage to an emergency spending bill for the Iraq war. They hope to break a logjam with the Senate over the wage bill, a top Democratic priority that was once seen on Capitol Hill as a relatively easy compromise.
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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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Congress raised the enlistment-age limit to help boost flagging numbers.
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Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that raising the ceiling on the size of loans that mortgage finance enterprises Fannie Mae and Freddie Mac can buy could undermine market discipline.
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The Bush administration is exploring proposals to significantly expand debt relief to some of the world&#39;s poorest countries, including forgiving all existing debt, Treasury Secretary John Snow said Thursday.
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Citing failure of two big airlines to make payments to their pension plans, top government officials Tuesday called on Congress to make it harder for corporations to dump their obligations on taxpayers.
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The U.S. House of Representatives on  Thursday prepared to raise the nation's debt ceiling by $800  billion, taking the new limit to $8.184 trillion.
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WASHINGTON - Leaders of the agency responsible for protecting consumers from faulty products said yesterday that Congress should increase their budget and power in the wake of huge recalls of lead-contaminated toys.