Treasury Secy. Snow: US Govt's Cash Is Running Out...

AFP March 14, 2006 at 01:34 PM

Treasury Secretary John Snow urged Congress to set aside partisan bickering and raise the US national debt ceiling this week, or face a disastrous cash crunch for the federal government.

In a speech here to a conference of regional bankers, Snow said it would be inconceivable for Congress not to pass legislation on the debt limit before it heads into a recess at the end of this week.

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