Obama to ask for debt limit hike

U.S. President Barack Obama talks to the press after signing into law a two-month payroll tax cut extension at the White House in Washington December 23, 2011. REUTERS/Larry Downing           The White House plans to ask Congress by the end of the week for an increase in the government’sdebt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.

The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013.

Read more at:     http://news.yahoo.com/obama-ask-debt-limit-hike-treasury-official-152416457.html

About cathie

Co- Founder of the Northwest Georgia Tea Party. Administrator of website. Northwest Georgia Tea Party is a regional group representing Dade, Catoosa, and Walker County.
This entry was posted in Uncategorized. Bookmark the permalink.