Friday, October 22, 2004

Fed debt OUT OF CONTROL

Friday, October 15, 2004 - Federal debt limit hit; pension deposit delayed

By Reuters; Jonathan Weisman The Washington Post

John Snow has pleaded with Congress to act.

WASHINGTON — The federal government reached its $7.4 trillion debt ceiling yesterday, forcing Treasury Secretary John Snow to delay contributing to one of the federal employees' pension systems to avoid running out of cash and possibly defaulting on government debt.

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