IPFS News Link • Economy - Economics USA
Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash
• Politico“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion — nearly twice what had been assumed in last spring’s budget resolution for the 2010 fiscal year.