Yawn: It's official: U.S. hits debt ceiling

Subject: Yawn: It's official: U.S. hits debt ceiling Mon Dec 31, 2012 7:21 pm

It's official: U.S. debt will reach its legal borrowing limit on Monday, giving Congress about two months before it must raise the debt ceiling or risk causing the government to default on its bills and financial obligations.

Yawn: It's official: U.S. hits debt ceiling 121231084854ustreasuryb

http://money.cnn.com/2012/12/31/news/economy/debt-ceiling/
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Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann

White House, Republicans seal deal

The White House and top Republicans have struck a deal to avert huge New Year tax hikes and spending cuts known as the 'fiscal cliff' that had threatened to send the US economy into recession.

The pact would raise taxes on the richest Americans - those earning over $US450,000 ($A436,000) a year - but exempt everyone else, and will put off $US109 billion in budget cuts across the government for two months, top congressional aides said late on Monday.

Vice President Joe Biden, who negotiated the deal with Republican Senate Majority leader Mitch McConnell, was on Capitol Hill to sell it to Democratic senators, a White House source added.

Tax hikes and spending cuts were due to come into force on January 1. But as global markets, sure to be rocked by a failure to head off the fiscal cliff, are closed for New Year's day, lawmakers have time to vote the deal into law.

A Senate vote was expected overnight on Monday while the House of Representatives was expected to follow suit on Tuesday after a display of dramatic New Year's Eve brinkmanship.

http://www.skynews.com.au/topstories/article.aspx?id=831796
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Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann

Yawn: It's official: U.S. hits debt ceiling

Yawn: It's official: U.S. hits debt ceiling

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