Sunday, February 9, 2014

"Nation to hit debt ceiling Friday"



http://thehill.com/blogs/on-the-money/economy/197156-this-week-nation-to-hit-debt-ceiling-friday

This article talks about the United State's borrowing limit, that will be hit Friday ($16.7 trillion).  Republicans argue that there should be some policy concessions to raising the ceiling, where Democrats will not negotiate on it.  This limit was suspended until February 7th due to the government shutdown.  In the coming week, the Congressional Budget Office will give an update on the economic and budget outlet.  Along with the CBO's update, hard data will be provided concerning jobs in January.  The article concludes with how there is skepticism with the IRS wrongdoing of conservative groups, along with how there are issues with the republicans and democrats concerning the issue of the debt ceiling and other such things.

1 comment:

  1. It is interesting how the republicans are advocating for the debt ceiling to be raised, since this would certainly lead to more spending and thus more debt. Not a typical view of the republican party.

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