Quote:
Originally Posted by RIROCKHOUND
He could start #^&#^&#^&#^&ting gold and giving it to the treasury dept to counteract spending ...
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yeah..that's realistic....
Obama to ask for debt limit hike: Treasury official
WASHINGTON | Tue Dec 27, 2011
WASHINGTON (Reuters) - The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.
President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer.
The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request.
(Reporting By Margaret Chadbourn; Editing by Chizu Nomiyama)
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