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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (27841)2/20/2003 8:09:37 AM
From: Techplayer  Read Replies (2) | Respond to 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.



To: Techplayer who wrote (27841)2/20/2003 8:09:57 AM
From: Oral Roberts  Read Replies (1) | Respond to of 57110
 
Sad but true. Of course those pricks will have a hard time earning a living when there is nobody left to fleece. Without people and volatility it will be awful hard to trade also. I can see the headlines now:

Dow surges throughout week and has biggest one week gain of 2004. Dow closes at 4832 up 12 for the week.


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