Posts Tagged ‘debt ceiling talks’

Over The Weekend Republicans and Democrates Drew More Lines In The Sand

January 7, 2013

WASHINGTON (AP) —By late February or early March, the Treasury Department will run out of options to cover the nation’s debts and could begin defaulting on government loans unless Congress raises the legal borrowing limit, or debt ceiling. Economists warn that a default could trigger a global recession.

Struggling for the upper hand in the next round of debt talks, Republicans and Democrats this weekend drew lines in the sand they said they’d never cross when it comes to the U.S. debt limit. US politicians back to drawing more lines in the sand.