Debt ceiling fight is here
May 1st, 2011
06:23 PM ET
12 years ago

Debt ceiling fight is here

NEW YORK (CNNMoney) - When lawmakers return to Washington on Monday, the debate over raising the nation's debt ceiling will kick into hyperdrive.

That's because Congress is now staring down a series of deadlines to raise the country's legal borrowing limit. First up: May 16, Treasury's latest estimate as to when U.S. debt will hit the country's $14.294 trillion ceiling.


Filed under: Congress • Debt
soundoff (2 Responses)
  1. GI Joe

    The teapublicans don't care. They have two goals in life: make President Obama look bad and give all the wealth to their rich contributors. THAT'S IT.

    Look at what you people voted into office. You'd better do something about them soon or they'll take away your social security too, and give it to wall street buddies.

    May 1, 2011 07:03 pm at 7:03 pm |
  2. Proud member of "Global Zero"

    8 times in the past this was done without fan fair. This is a stupid piece of blackmail again. We vote to raise it, bring our troops home next summer, raise taxes, (by the way, if you spend to hire guess what you get, TAX PAYERS), and revamp the tax code. We don't mind paying taxes to build our country up, we mind paying idiots in congress that do nothing but argue. We want good schools EVERYWHERE, we want high speed rail EVERYWHERE, we want safe roads and bridges EVERYWHERE, we want to take care of those in need EVERYWHERE.

    Spend for jobs and you create tax payers. I start my new job tomorrow....thank you Mr. President.

    May 1, 2011 07:08 pm at 7:08 pm |