Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Tommaso who wrote (149333)	2/6/2002 12:13:27 PM
From: Haim R. Branisteanu	Read Replies (2) of 436258

DJ O'Neill/Debt Limit -2: Seeks $750 Bln Increase By March WASHINGTON (Dow Jones)--U.S. Treasury Secretary Paul O'Neill told lawmakers Wednesday that the federal government should increase the $5.95 trillion debt limit by $750 billion as soon as March. "We need to do something about this in March and the sooner in March the better," O'Neill said, testifying before the House Budget Committee. O'Neill said that the federal government has no choice in the matter, given the cost of the war on terrorism and the current economic slowdown. O'Neill said it is his "fervent prayer" that lawmakers don't raise taxes to pay for the unexpected costs incurred this year. -By Dawn Kopecki, Dow Jones Newswires; 202-862-6637; dawn.kopecki@dowjones.com

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