US Will Hit Debt Ceiling Late February

Out of control spending will be the ruin of our country.
Check it out:

On Wednesday, Secretary of the Treasury Jack Lew said that America would once again hit the debt ceiling by late February, despite Congress’ temporary debt limit increase back in October 2013. That agreement suspended the debt ceiling and funded the federal government, as well as creating a committee with an eye toward a deficit reduction plan. The deal did contemplate that the debt ceiling would run out by February 7.

Lew wrote, “I respectfully urge Congress to provide certainty and stability to the economy and financial markets by acting to raise the debt limit before February 7, 2014, and certainly before late February.”

Republicans in Congress have vowed to extract spending concessions from President Obama in exchange for raising the debt ceiling again. Michael Steel, spokesman for Speaker of the House John Boehner, stated, “The Speaker has said that we should not default on our debt, or even get close to it, but a ‘clean’ debt limit increase simply won’t pass in the House. We hope and expect the White House will work with us on a timely, fiscally-responsible solution.”



Sign up for our daily email and get the stories everyone is talking about.


Previous post

CNN Ratings Down to New Lows

Next post

Scott Walker to Propose Nearly $1b In Tax Cuts In Wisconsin

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.