Originally created 05/11/02

Sky's the limit?



"If we run into the ceiling that's really bad, because world capital markets will say they knew they needed to do it and they've known for six months that they needed to do it and they didn't do it, and that casts a shadow on the good faith and credit of the United States."

- U.S. Treasury Secretary Paul O'Neill warning of the consequences if Congress does not raise the $5.95 trillion debt limit by late June. Neither political party wants to take the heat in an election year for raising the national debt.



Related Searches

 U.S. TREASURY   USD   POLITICS   UNITED STATES   CONGRESS   SECRETARY   PAUL O'NEILL 

AllAccess


Trending this week:



 
 

The Augusta Chronicle © 2015. All Rights Reserved.  Contact Us  | Terms of Service  | Privacy Policy  | Advertise