An American Soap Opera 1
Why the sky is falling is still open to debate, but everyone agrees that it is falling. The national debt ceiling, the amount of money the United States can borrow, will soon be reached, our credit maxed….
Daily Archives: July 18, 2011
The U.S. Debt Limit: Questions and Answers
As August 2 approaches, you’ll likely hear increasingly urgent debate over the nation’s debt ceiling. That’s the approximate date by which the Treasury estimates it will no longer be able to borrow under the current $14.3 trillion limit. Treasury officials have warned that if the Treasury can no longer borrow […]