Friday, November 15, 2013

Countdown: US Hits Debt Ceiling in 84 Days


"Twelve weeks from today, the US government will hit its borrowing limit. When Congress lifted the debt ceiling last month, for the first time ever, it pegged the increase to a specific date, rather than a dollar amount. The current borrowing authority expires in just 84 days, on February 7th. 

Three major policy challenges are converging in January. Government spending authority expires in the middle of the month, just three weeks ahead of the debt ceiling. There is also likely to be ongoing agonizing about the implementation of ObamaCare. "     [Breitbart]

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