updated 3/20/2006 3:32:35 PM ET 2006-03-20T20:32:35

With no fanfare, President Bush signed a bill Monday pushing the ceiling on the national debt to nearly $9 trillion.

The measure allows the government to borrow an additional $781 billion and prevent a first-ever default on Treasury notes. It also lets the government pay for the war in Iraq without raising taxes or cutting popular domestic programs.

The debt limit increase was the fourth of Bush’s presidency, totaling $3 trillion. With the budget deficit near record levels, an additional increase in the debt limit almost certainly will be required next year.

The measure allows the debt limit to rise from $8.184 trillion to $8.965 trillion.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com