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Re: Obama to ask for debt limit hike 

By: CTJ in ROUND | Recommend this post (3)
Wed, 28 Dec 11 6:32 AM | 32 view(s)
Boardmark this board | De's Test Board 		Msg. 37401 of 45651
(This msg. is a reply to 37395 by Decomposed)
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Just a few months ago
8/2/2011

WASHINGTON (CNN) -- The House approved a last-minute deal to raise the debt ceiling on Monday that will impose sweeping spending cuts, while narrowly averting an unprecedented national default.

The agreement calls for up to $2.4 trillion in savings over the next decade, raises the debt ceiling through the end of 2012 and establishes a special congressional committee to recommend long-term fiscal reforms.

http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_vote.cnnw/index.htm

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The above is a reply to the following message:
Obama to ask for debt limit hike
By: Decomposed in ROUND
Tue, 27 Dec 11 8:04 PM 		Msg. 37395 of 45651

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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