“The Obama administration wants Congress to raise the debt limit in the next 16 days.  Treasury Secretary Jack Lew sent a letter to Speaker John Boehner on Wednesday, saying the ‘best course of action would be for Congress to’ raise the nation’s debt limit ‘before February 7 to ensure orderly financing of the government.’ At the latest, Lew writes, Congress must lift the cap by the end of February.  The debt limit is not the fiscal standoff it used to be. When Republicans first took the House, they demanded deep cuts to spending as a price for increasing the national borrowing limit. Last time they lifted the cap, they did it without concessions from Democrats and President Barack Obama.”

http://www.politico.com/story/2014/01/jack-lew-to-john-boehner-debt-ceiling-102488.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy