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President Obama!
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<blockquote data-quote="moreluck" data-source="post: 918414" data-attributes="member: 1246"><p><strong>Re: Obamanomics</strong></p><p></p><p>Where are the spending cuts ???</p><p></p><p>WASHINGTON (Reuters) — The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior Treasury Department official.</p><p></p><p>The debt limit is projected to fall within $100 billion of the current cap by December 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion.</p><p></p><p>Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days within receiving the request to vote down the debt limit increase.</p><p></p><p>The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request</p></blockquote><p></p>
[QUOTE="moreluck, post: 918414, member: 1246"] [B]Re: Obamanomics[/B] Where are the spending cuts ??? WASHINGTON (Reuters) — The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior Treasury Department official. The debt limit is projected to fall within $100 billion of the current cap by December 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion. Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days within receiving the request to vote down the debt limit increase. The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request [/QUOTE]
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