US Government Seeks Higher Debt Limit
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Home Equity Loans President Bush blames the budget problems on the 2001 recession and the cost of the war in Iraq. John Kerry calls the shortfall a threat to the economy caused by Mr. Bush's tax cuts.
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Homeowner Loans Oct 15, 2004 (AXcess News) Washington - The U.S. budget deficit swelled to a record $413 billion at the end of September.
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Equity Loan Rates The Treasury Department report says it is the second year in a row the deficit has been a record.President Bush, a Republican, blames the budget problems on the 2001 recession and the cost of the war in Iraq. His Democratic opponent John Kerry calls the shortfall a threat to the economy caused by Mr. Bush's tax cuts.In a separate report Thursday, officials said the U.S. government has borrowed nearly all the money it can, according to a law limiting debt to $7.4 trillion.
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Student Consolidation Loans Treasury officials will temporarily suspend payments to a retirement fund for government workers to avoid exceeding the limit. Congress is expected to raise the debt limit next month.Source: Voice of AmericaAdvertisementAXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
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