Sunday, September 4, 2011

Stakes Rise on Debt Vote

Sunday, September 4, 2011

A growing number of House Republicans are expressing doubt about the need to raise the federal debt ceiling by Aug. 2, as the Treasury Department insists is necessary, sharply raising the political and economic stakes as congressional leaders try to secure a deal to raise the nation's borrowing limit.

Treasury Secretary Timothy Geithner has said if Congress doesn't raise the $14.294 trillion debt limit by Aug. 2, the federal government won't be able to pay all its bills, which would have a "catastrophic economic impact."

But many conservatives, including some GOP freshman who campaigned in 2010 against raising the debt ...



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