White House: Debt Ceiling Must Be Raised
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The Bush administration announced Wednesday that it will run out of maneuvering room to manage the government&#39;s massive borrowing needs in two weeks, putting more pressure
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Public borrowing is set to rise and the government will need to raise taxes or reduce spending to decisively cut the deficit, the Organisation for Economic Cooperation and Development says.
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POPLAR BLUFF, Mo.  - The White House asked  Congress on Monday to approve $2 billion in emergency funding  for hurricane-battered Florida and said President Bush would  visit the election battleground state on Wednesday.
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President Bush plans to ask Congress next month for up to $50 billion in additional funding for the war in Iraq, a White House official said yesterday, a move that appears to reflect increasing administration confidence that it can fend off congressional calls for a rapid drawdown of U.S. forces.
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The White House conceded Monday it will likely have to borrow money to pay for the president&#39;s proposal to create private accounts for younger workers to revamp Social Security.
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U.S. Treasury Secretary Henry Paulson on Wednesday said he expects the federal government to reach its $8.965 trillion statutory debt limit on October 1.
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The Bush administration is challenging a court order requiring it to make housing payments to thousands of families whose homes were damaged by Hurricane Katrina.
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President George W Bush  urges Congress to pass his budget to boost the economy and keep the US  safe.
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President Bush is pushing Congress to give him more authority to slice and dice the budget, an idea that&#039;s popular with conservatives who think the White House needs more muscle to restrict federal spending.
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The White House said it was premature to determine how much emergency money the United States needs to add to its war bills in Iraq and Afghanistan.
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The White House and U.S. lawmakers were pushing on Wednesday to reach a deal on an election-year economic package that President George W. Bush said would be "robust" enough to lift the economy out of the doldrums.
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The White House said on Tuesday it  will seek more than $80 billion in new funding for military  operations this year in Iraq and Afghanistan, shattering  initial cost estimates and pushing the total for both conflicts  to almost $300 billion so far.
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With the moon on its horizon, NASA sees an increase in the 2006 budget proposed by the White House on Monday, but the 2.5 percent hike is not enough to save the Hubble Space Telescope.
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WASHINGTON  - President Bush on Friday signed intolaw a measure authorizing an $800 billion increase in thecredit limit of the United States, the White House said.
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The United States Congress risks a presidential veto if it approves a multibillion-dollar disaster aid package for farmers and ranchers, the White House said on Tuesday, ahead of a Senate vote on the question.
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British public borrowing is set to rise and the government will need to raise taxes or reduce spending to decisively cut the deficit, the Organisation for Economic Cooperation and Development said yesterday.
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The White House asked Congress on Monday to approve &#36;2 billion in emergency funding for hurricane-battered Florida and said President Bush would visit the election battleground state on Wednesday.