Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (30230)	3/17/1999 10:06:00 AM
From: long-gone	Respond to of 116758

been there, heard that.

To: Bobby Yellin who wrote (30230)	3/17/1999 11:21:00 AM
From: Alex	Respond to of 116758

Rubin: Treasury's International Budget 'essential' <Picture> Washington-March 17-FWN--Funding the U.S. Treasury's international agenda at the requested level is an essential part of the U.S. effort to reverse the world economic downturn, Treasury Secretary Robert Rubin told Congress today. The Treasury Department's fiscal year 2000 budget request for $1.5 billion in international spending "supports the international financial institutions--the World Bank, the International Monetary Fund and the regional development banks--in helping to restore financial stability where needed," Rubin said. Rubin made the comments during testimony before the House Appropriations Subcommittee on Treasury, Postal Service and General Government. The international spending request is less than 1 percent above the prior year's level, yet will ensure American influence in shaping economic reform programs, Rubin said. The funding also ensures the United States will be able to take part as a full partner in international economic policy institutions like the World Bank and the Inter-American Development Bank, Rubin said. Although the United States will continue to owe money to those institutions, the arrears level would drop to $141.9 million, he added. Rubin's call for increased funding for international programs follows the Clinton administration's effort to reduce the debt load borne by the world's poorest nations. Rubin said $120 million of the budget proposal would be used for debt programs. In other comments, Rubin said the U.S. economic forecast still calls for solid growth and low inflation. (c) Copyright 1999 FWN