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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mike M2 who wrote (155976)3/16/2002 2:45:29 PM
From: Joan Osland Graffius  Read Replies (2) of 436258
 
Mike,

>>House Republican leaders have balked at President Bush's plea to raise the federal debt limit by the end of the month, forcing the Treasury Department to prepare to shift billions of dollars in civil service retirement funds to prevent the U.S. government from defaulting on payments to bondholders.>>

Can the treasury do this with out approval by congress?

Joan
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