(no subject)

[theweaselking]

The Treasury Department has begun taking special actions so the federal government would avoid hitting the legally mandated debt ceiling of $7.38 trillion

In a letter to Senate Majority Leader Bill Frist, R-Tenn., Treasury Secretary John Snow called on Congress "to increase the debt limit by mid-November, at which time all of our previously used prudent and legal actions to avoid breaching the statutory debt limit will be exhausted."...

Comments

[wizwom.livejournal.com]

Um, we've had similar situations a dozen times or more that I can remember, under every president.

No cause for alarm.

[publius1.livejournal.com]

Right; our continual pushing past of the debt ceiling is nothing. Additionally, it's a really good idea to max out your credit cards and then ask your credit company to up your max. For the rest of your life.