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Strategies & Market Trends : Galapagos Islands

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To: Techplayer who wrote (27841)	2/20/2003 8:09:37 AM
From: Techplayer	Read Replies (2) of 57110

Government Hits $6.4 Trillion Debt Limit Thu Feb 20, 4:26 AM ET Add White House - AP Cabinet & State to My Yahoo! By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON - Replaying a drama from last year, the government is once again bumping against the debt limit of $6.4 trillion and the Treasury Department (news - web sites) has begun taking evasive actions to prevent an unprecedented default on the national debt. Treasury Secretary John Snow informed leaders of Congress on Wednesday that the government would reach the borrowing limit on Thursday and he would begin pulling investments out of a $48 billion government pension fund to make room for normal public borrowing auctions.

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