IPFS News Link • Economy - Economics USA
Obama seeks $1.2 trillion debt limit rise
• Reuters[It's still unpatriotic:]
President Barack
Obama formally notified Congress on Thursday that he plans a $1.2
trillion increase in the U.S. debt limit, prompting Republicans to level
election-year charges that deficits are out of control.
Obama, in a one-sentence letter to House of Representatives Speaker John Boehner, the top Republican in Congress, said "further borrowing is required to meet existing commitments."
The proposed increase would push the debt ceiling to $16.394 trillion.
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1 Comments in Response to Obama seeks $1.2 trillion debt limit rise
Obama, What is it about no that you do not understand