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Wordcount: 965
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ECONOMICS
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An article written by John Godfrey on November 16, 2004 in the Wall Street Journal, talks about the issue of the national debt limit. The republicans are asking the Democrats to allow them to bring an $800 billion increase to the federal debt limit. The debate at measure would only be limited to six hours, with no amendments allowed. The government has hit its $7.384 trillion debt limit on October 14, 200, causing the Treasury department to take extraordinary actions to keep financing dad- to-day operations without exceeding its limit. On Wednesday November 3, 2004, Treasury announced that they would exhaust their ability to take these actions by the next day. The Republicans however could move on the measure without the Democrats’ perm
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