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Article: Hill deal to provide debt relief overseas.(Business)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- October 25, 2000
- Author:
CopyrightCOPYRIGHT 2000 News World Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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White House and congressional negotiators yesterday agreed to provide a big down payment toward forgiving some $90 billion of the debts of the world's poorest countries.
Proponents of the debt relief say House and Senate budget negotiators agreed to provide the full $435 million requested by the Clinton administration to fund the United States' share of the debt relief. The money is included in a foreign aid bill pending in Congress.
The reported agreement is twice as much as the House originally budgeted for debt relief, and nearly six times more than the Senate appropriated. Proponents say momentum for the funding picked up noticeably in Congress ...