Congressional Credit Crunch


As the Senate Bankruptcy Bill is debated today, “The Hill” discusses the credit card debt of some Congressional members:
“More than 40 members of the House reported carrying at least $10,000 in credit-card or charge-card debt in 2003 and parts of 2004, according to a survey of financial disclosure reports conducted by The Hill.”

“Yet the 43 members identified in the survey were as likely to have voted for the bankruptcy bill when it came to the House floor in 2003 as were members without credit-card or similar revolving accounts.”

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