Friday, July 22, 2011

Fwd: Debt Ceiling


From: "Larry Trout" 
'Obama faced increasingly vocal complaints from his own Democrats on a deal-in-the-making that could mean painful curbs in popular health and retirement programs but no immediate increase in taxes.

"I've never seen frustration higher," Democratic Senator Dianne Feinstein said.

Negotiations between Republicans and the Democratic White House toward a deal to raise the $14.3 trillion limit on America's borrowing are at a critical phase, with less than two weeks before the world's biggest economy runs out of money to pay its bills.'

It would probably be more precise to say "with less than two weeks before the world's biggest economy cannot borrow money to pay its bills"

http://www.reuters.com/article/2011/07/22/usa-debt-idUSN1E76K2FL20110722

No comments:

Post a Comment