Well, this pretty much sums up the Fiscal Cliff, does it not?
Debt Ceiling's tag archives
Didn’t we just go through this? President Barack Obama has requested yet another $1.2 trillion increase in the debt limit, representing the second such increase in less than a month. Obama also requested, and was granted, a $1.2 trillion increase on December 28. This will be the last request the president will be able to [...]
What’s another $1.2 trillion among friends, right? President Barack Obama will reportedly ask Congress this week for an additional $1.2 trillion in borrowing authority. The move would effectively increase the federal debt limit to $16.4 trillion and avoid the need for additional increases prior to the 2012 elections. This would be the last increase permitted [...]
Here are your top stories for Wednesday, August 3, 2011: – Senate votes on debt deal – Casey Anthony ordered to report to court for probation – Heavy flooding hits Philippines – Snake hitches a ride on moving car