Commentary: Impeach Bob Rubin? For What? Smarts?Mike Mcnamee
In mid-February, the Treasury Dept. will again bump up against the $4.9 trillion national debt ceiling. With budget-balancing talks in limbo, Capitol Hill Republicans are eager for a new chance to squeeze President Clinton by denying him the power to borrow money to run the government. GOP leaders vow that they won't raise the limit until Clinton accepts a plan to balance the budget by 2002. They hope that Clinton will cave in to them rather than allow the U.S. to default on $245 billion in interest payments on Treasury securities.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.