• search

Bush signs debt limit increase to $8.965 trillion

Written by: Staff

CLEVELAND, Mar 20 (Reuters) President George W Bush on Monday signed into law a 1 billion increase in US borrowing authority, making the Treasury Department's new debt limit .965 trillion, White House spokesman Scott McClellan said.

Last week, the Senate approved the increase in borrowing authority requested by the Treasury Department to avoid a government default. The U.S. House of Representatives approved the legislation nearly a year ago.

Bush was in Cleveland delivering a speech on Iraq on the third anniversary of the U.S.-led war.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more