Monday, March 06, 2006

Equinox: Economy Egg Standing Upright?

Uh, yeah, the week of March 20... The AP is reporting:

Treasury officials, briefing congressional aides last week, said that the government will run out of maneuvering room to keep from exceeding the current limit sometime during the week of March 20...

[T]hey had used the $15 billion in the Exchange Stabilization Fund, a reserve that the Treasury secretary has that is normally used to smooth out volatile movements in the value of the dollar in currency markets.

Heck, who needs stabilization funds in times like these?


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