Federal budget: Clinton signs debt-limit increase
Article Abstract:
Pres Clinton approved an increase in the debt ceiling on Mar 12, 1996, in an effort to prevent the federal government from closing down for the third time since Nov 1995. The closure would have occurred if the US could not borrow any more money. Republicans previously declined any increases.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Partial government shutdown ends
Article Abstract:
The 21-day government shutdown ended on Jan 6, 1996, after Pres Clinton signed a continuing resolution that restored funding to federal agencies and programs. The budget includes a provision to eliminate the deficit by 2002. Around 280,000 workers had been furloughed during the shutdown.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Federal budget: stopgap bill averts federal shutdown. Clinton vetoes '96 legislative spending
- Abstracts: Treasury to slow government borrowing. President vetoes VA-HUD funds. President signs third stopgap measure
- Abstracts: Comcast is seen as unlikely to raise bid for Mediaone. Partner joins Disney-backed phone group in TV venture. A Time Warner-US West split would be costly
- Abstracts: Leasing as one means to avert obsolescence. Computers no longer are typecast in movies. Selecting a computer for the college trunk
- Abstracts: Foreign electronics/entertainment. part 8