Reports about Mrs. Reagan's borrowing practices were first published in the current issue of Time magazine.

Democrats say they are open to proposals that would restrict the state's borrowing practices, but add that the issue should not be tied into the budget discussions.

"This decision doesn't impugn the merits of the state's current borrowing practices," said John Clarkson, a spokesman for the State Budget Division.

But doubling the debt represents a sharp departure from the very conservative borrowing practices of the last decade.

A1 Casino regulators failed to shield the industry in Atlantic City from high-rolling borrowing practices.

When her borrowing practice was first criticized, Mrs. Reagan said she was only trying to promote the American fashion industry.

The governor and legislative leaders agreed Tuesday on a plan that would, for the first time, overhaul the state's borrowing practices.

Critics of the amendment agree that the state's borrowing practices have been unsound.

People low in conscientiousness have difficulty saving money and have different borrowing practices from more conscientious people.

Professor Friedman cautions against having the Fed tailor its policies to foreign borrowing practices or exchange rate policies.