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Congress Raises Debt Ceiling To 309 Billion
The article weighs Congress action to lift the public debt limit from 305 to 307 billion through July and to 309 billion by late summer. It notes Treasury warnings, risks of legal challenges if limits weren’t raised, and a view that the debt ceiling acts as a constraint on spending while Congress controls appropriations. It lists historic ceilings under prior administrations to show long-term growth.
MENTIONED IN THIS ARTICLE
New York
Congress
U.S. Treasury
Sen
Byrd
D-Va
U.S
Treasury
Dillon
White House
National ‘Congress
G.O.P
Eisenhower
Kennedy