debt ceiling 2013
Time is running out as the deadline for congress to raise the U.S. debt ceiling to avert a national default is less than 24 hours away. However, there's good news as inside sources on Capitol Hill say that a bipartisan bill to raise the nation's $16.7 trillion debt limit has been reached in the Senate.
The deadline for congress to raise the $16.7 trillion debt ceiling is less than 48 hours away, and yet, the federal government remains shut down while congress remains deadlocked over partisan politics.
In wake of the looming U.S. debt ceiling crisis, which threatens to stir up a global economic disaster, China is calling for the creation of a new international reserve currency to replace the present reliance on U.S. dollars as well for as steps to create a "de-Americanized world."
Because the U.S. government has been shut down for four straight days without an end in sight, there is a growing concern that the stalemate in congress will merge into a much more complex fight in mid-October over raising the federal debt ceiling.
In a reprise of a standoff between President Obama and House Republicans from 2011, the debt ceiling is coming up for political debate in Washington again, and once again the consequences could be dire