Congress seems determined to spend much of the fall demonstrating its boundless talent for dysfunction. House Republicans say they will threaten once again to send the nation into default, and the economy over a cliff, by refusing to raise the federal debt ceiling, now set at $16.7 trillion. This means that by mid-October, the government would exhaust its borrowing authority and be left without enough money to pay its bills.
Posted on: Tue, 03 Sep 2013 15:14:29 +0000
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