Tag Archive: U.S. Debt Ceiling

Obama admits the government could default as debt talks collapse AGAIN

House Speaker John Boehner blamed President Barack Obama for the collapse of U.S. debt ceiling talks, saying the White House sought to raise taxes and failed to ‘make the tough choices’ on spending… Continue reading

US Reaches Debt Ceiling Tomorrow 3/30/11

Definition of Debt Ceiling: The maximum borrowing power of a governmental entity. Like clockwork, the Treasury placed $35 billion in 5 year bonds with the usual suspects. While the high yield was the… Continue reading