Word: debts
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Dates: during 1990-1999
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...approve the loan, but undaunted, Ptashne says he sold shares in the violin to friends, which put him "way into debt...
...remind Perot's followers of why they rejected both parties in the first place, there is the prospect this week of a partial shutdown of the Federal Government or a temporary default on U.S. debt payment. Both could happen if the President vetoes the temporary debt-limit extension that the Republican Congress has put before him, and that requires him to approve their budget proposals. This is macho, partisan face-off time. If you're a Perot voter, or even if you're not, there could hardly be a better example of Beltway fecklessness...
...Republican-controlled Congress and the Democratic White House remained on a collision course over balancing the federal budget. The House and Senate sent President Clinton a bill adding $67 billion to the nation's $4.9 trillion debt ceiling, and will probably follow it with a measure extending government spending for a few weeks. However, Clinton is expected to veto the bills because of extraneous provisions he finds unacceptable. The likely result is a brief shutdown of nonessential government operations as the two sides find a compromise on the spending measure. One possible stopgap solution to the impasse over the debt...
Today's problem is that America is taxing success and entrepreneurial ability in terms of income and capital gains tax while it is subsidizing debt, idleness and mediocrity in welfare, Kemp said...
Treasury Secretary Richard Rubin, who is scrambling for ways to avoid a default on the federal debt, announced a series of moves to enable the government to make $102 billion in loan payments when they come due Wednesday and Thursday. The Treasury will auction securities to raise the money and borrow most of the rest from two government retirement funds. Borrowing allows President Clinton in effect to temporarily raise the debt ceiling while vetoing a GOP bill loaded with politically unpalatable amendments. But the strategy has a price: "They have to pay back the money they borrowed plus the interest...