Amid the political fingerpointing over which party will catch the blame if Congress fails to raise the $14.3 trillion debt limit, comes the stark reality of what bills get paid after Aug. 2, if the U.S. government can’t borrow more money.
Tales from the Trail
Stop the presses!
A man-bite-dog moment at the U.S. Capitol on Wednesday.
The normally grid-locked U.S. Senate — Democrats, Republicans, independents — came together and overwhelmingly passed a bill to reduce its workload, curb its power and perhaps even decrease partisan fighting.
A persistent theme of President Barack Obama’s nascent re-election bid has been an expectation that the Democratic incumbent – who amassed a $750 million war chest when he won the White House in 2008 — will break his record this time and become the first candidate to raise $1 billion in campaign funds for 2012.
CORRECTS POLL NUMBER ON OBAMA’S HANDLING OF ECONOMY
The United States is due to hit its $14.3 trillion debt limit today, and tensions are understandably on the increase with Republicans and Democrats wide apart on the budget deal the GOP wants in exchange for increasing the ceiling.
President Barack Obama is getting into a habit of surprising tourists. Over the weekend it was a trip to the Lincoln Memorial, and on Monday he turned up to surprise a group of school children at the White House.