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Keyword: ninetrilliondollars

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  • House moves to raise U.S. debt ceiling ($9,000,000,000,000)

    05/10/2005 3:47:39 PM PDT · by RWR8189 · 150 replies · 5,700+ views
    Washington Times ^ | May 10, 2005
    Washington, DC, May. 3 (UPI) -- The U.S. House has sent legislation to the Senate that would raise the federal debt limit to nearly $9 trillion, a $781 billion increase. The House agreed to the increase under an automatically executing provision in the 2005 budget resolution approved by the House and Senate late last week. The House officially sent the Senate a separate piece of debt-relief legislation increasing the limit as mandated by the self-executing provision in the budget resolution. Gaining approval of the separate bill through the gambit avoided the need for a politically costly debate on the House...