Obama delays request to hike debt ceiling
Delay of a few days only just so Congress gets more of a vacation. Humph! When will this stop? We have to make cuts!
Obama delays request to hike debt ceiling - Political Hotsheet - CBS NewsHONOLULU -- At the request of congressional leaders, President Obama is delaying his certification that government spending is again nearing the legal borrowing limit and it must be increased by $1.2-trillion.
On the advice of the Treasury Department, Mr. Obama was poised to declare Friday that the debt of the United States was within $100 billion of the statutory debt ceiling, which now stands at $15.194 trilllion.
Under the Budget Control Act enacted this year, that certification enables the president to call for an increase in the debt limit of $1.2 trillion.
Delay of a few days only just so Congress gets more of a vacation. Humph! When will this stop? We have to make cuts!