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Debt ceiling urged at 617.6 billion through June 1976
Treasury Secretary William E. Simon urged a national debt limit of 617.6 billion dollars through June 30, 1976, matching Congress's earlier budget proposal. He asked the House Ways and Means Committee to move the ceiling into law before the 531 billion limit expires. If not approved by June 30, the limit would revert to 400 billion, restricting borrowing to meet obligations.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
William E. Simon
Congress
Simon
House
Ways and Means Committee