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May 18, 2025
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Tag: 14.3 trillion debt ceiling

A Deal in Washington, but political drama is just beginning

Dominic Carter | August 1, 2011
This is a very important short term solution, but the political argument over the federal debt is far from over.

For one thing, Congress as a whole must still vote to approve the agreement — and for another, the deal creates a new congressional committee to tackle the age-old debate over federal debt and spending.

News and Opinion

Could Debt Ceiling battle cost Obama his re-election?

Dominic Carter | July 31, 2011

President Obama finds himself between a “rock and a hard place.” A major dilemma with the situation offering at least two possibilities, none of which may be politically acceptable.

In a radio address broadcast Saturday, Obama called for a bipartisan deal to increase the $14.3 trillion debt ceiling, while cutting federal spending in the years ahead.

News and Opinion
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