Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Windsock who wrote (138430)	8/2/2001 5:37:19 AM
From: Amy J	Read Replies (1) of 1582897

Hi Windsock and Tejek, boston.com In turnabout, US to borrow $51b Faltering economy and tax rebates cited By Peter G. Gosselin Los Angeles Times, 7/31/2001 ASHINGTON - The economic slowdown, along with rebate checks for President Bush's tax cut, will force the government to borrow $51 billion by September, an about-face from its previous predictions, the Treasury Department said yesterday. Treasury officials said Washington expects to be a net borrower of $51 billion during this quarter. The department had said earlier it would pay back $57 billion during those months. Officials said $38 billion of the borrowed money would pay for tax rebates Americans have begun receiving, money that officials hope will fuel more spending and help the economy avoid recession.

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