Without a deal to raise the debt ceiling, the US would have been unable to meet all its bills, the treasury department had warned.
It's why there is a ferocious Whitehall row going on about new green energy targets: the Treasury fears they will drive up bills still further whilst the Department for Energy and Climate Change (DECC) insists they will create green jobs for the future.
What the auctions do suggest is that the financial markets anticipate that the Treasury Department will pay its bills.
Alternatively, two other pieces of legislation the State Department and Foreign Assistance authorization bills are due to be taken up by the Senate in the next few weeks.
President Bush deserves a lot of the blame thanks to the no-bureaucrat-left-behind bill that bloated the Department of Education, the corrupt farm bills, the pork-filled transportation bills, the new prescription drug entitlement, and bailouts for banks and auto companies.
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The House and Senate passed bills (HR1270, S104) in 1997 requiring the Energy Department to build a temporary storage site for spent fuel from commercial nuclear reactors.
The administration was unhappy at first about the bills, arguing that they were unnecessary as the State Department already withheld visas from such people and excessive, because they tie the hands of policymakers.
After all, a GAO study suggests the State Department is handing out passports to many Americans who have huge outstanding tax bills.
The nation actually reached its debt ceiling yesterday and, while the Treasury Department says that it can continue to pay outstanding debt obligations and other bills for another two months, there will need to be an all new debt ceiling battle in Congress beginning in February to allow the nation to continuing making payments on its debt obligations.
The Treasury Department is selling 1-month, 1-year and 2-year bills and notes in auctions that should draw plenty of interest with traders steering clear of equities.
The federal Victims of Crime Act allows the Justice Department to administer money to states to help pay for burial expenses, medical bills and lost wages for crime victims and their families.
State Department officials said this week that they fear that additional sanctions - including widely supported Congressional bills that would limit refined petroleum imports to Iran - would cause the Iranian public to rally around the regime.
There are bills and proposals floating around the Hill, the Federal Trade Commission (FTC), and the Commerce Department.
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There are two draft bills floating around Congress, and policy recommendation reports are coming soon from the Federal Trade Commission and the Commerce Department.
That could change this summer when the Treasury Department bumps up against the debt ceiling, potentially running out of money to pay the government's bills.
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