The Debt Crises is Over, President Obama Signs Off

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The debt bill passes both Senate and House and the debt crises is over. President Obama has signed off on it, with no time to spare. The vote from the Senate was 74-26 with 60 votes needed to pass it. On Monday, the House vote was 269-161 to raise the debt ceiling. The country was [...]

Obama Announces Agreement on Debt Crises

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Tonight, President Obama announced that an agreement has been reached between both parties that will keep the country from defaulting on debt obligations. Neither democrats nor republicans got what they wanted out of the deal, but compromises were definitely made. According to one news source, the plan is to raise the debt ceiling while cutting [...]

Debt Trouble

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Our debt ceiling, which is 14.3 trillion dollars, for the U.S. Government is going to be reached on August 2nd and talks between John Boehner and President Obama have broken down.Our governments spends more than it makes and there is a law on the books which was first passed in 1917 that caps the federal [...]