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Obama to ask for debt limit hike

By: Decomposed in ROUND | Recommend this post (0)
Tue, 27 Dec 11 8:04 PM | 57 view(s)
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I hope no one is surprised. It seems that these increase requests are now coming with a jarring frequency. 


Obama to ask for debt limit hike: Treasury official
Reuters – 5 mins ago

WASHINGTON (Reuters) - The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior Treasury Department official.

The debt limit is projected to fall within $100 billion of the current cap by December 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion.

http://news.yahoo.com/obama-ask-debt-limit-hike-treasury-official-152416457.html

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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