WASHINGTON — Legislation to raise the federal debt limit and prevent a crippling government default cleared Congress on Wednesday with an awkward assist from top Senate Republican leaders who were forced into a politically treacherous vote engineered by tea party favorite Ted Cruz.
Browsing: debt limit
Another round of political theater is coming, and it will undoubtedly distract from the worrying financial future of our nation. If you thought the government “shutdown” wasn’t enough, just wait until the next round of financial debates. In the next few weeks, the debt limit will be the new catchphrase digested by the media ad nauseam.
