Friday, November 30, 2012

Debt Limit: The Other Fiscal Cliff

[Nothing raises the ire of Republicans in Congress like the specter of Obama taking matters into his own hands. If the White House goes that route and raises the debt ceiling by executive order, Boehner and his leadership team would likely take immediate legal action to halt the debt ceiling increase, sources familiar with his thinking said.] -Snip- President Barack Obama made a demand of House Speaker John Boehner near the end of their first White House meeting on the fiscal cliff: Raise the debt limit before year’s end. Boehner responded: “There is a price for everything.”

Read more: http://www.politico.com/news/stories/1112/84253.html?hp=t1

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