House Defense Bill Includes Debt Rider

Barnett, Susanna Duff
June 2004
Bond Buyer;6/24/2004, Vol. 348 Issue 31912, p5
Trade Publication
Reports on the adoption of a defense appropriations bill that contains a placeholder provision designed to make it easier for members of Congress to raise the debt limit without having to vote on a stand-alone bill by the U.S. House of Representatives. Provision of House rules to increase the debt limit to automatically be deemed as passed if it is attached to a budget resolution; Terms of the debt limit placeholder for the federal government to take necessary steps to guarantee the full faith and credit of the government; Attack of the strategy by House Democrats members.


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