NO. 23


Financial and Banking News

Budgets & Revenues

US House of Representatives Approves Spending of $42.6bn on Gulf Conflict

The US House of Representatives' Appropriations Committee has authorized theWhite House to spend up to $27.6bn of the assistance to be provided by US alliestowards the costs of the Gulf conflict. The White House had asked for permissionto spend all of the $53.6bn so far pledged. The committee also approved a WhiteHouse request to raise $15bn in...