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debt ceiling

  • Debt Ceiling Suspended to $17.2 Trillion

    The debt ceiling was suspended on Wednesday to $17.2 trillion by a 67-31 vote by the Senate that will stay in effect until March 15, 2015. The previous debt ceiling suspension expired in early February, forcing lawmakers to take action. The debt ceiling was ultimately suspended to keep the government from running out of funding

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  • U.S. Could Hit Debt Ceiling as Soon as October 18

    CNN recently reported that Oct. 18 could be the date the U.S. bangs its head against the debt ceiling. A new study by the Bipartisan Policy Center listed the date as the earliest that the government’s cash supply could run out somewhere between Oct. 18 and Nov. 5. That timeframe fits with a letter Treasury

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  • The New Recession? Gold Soars on QE3 talks, Inflation

    Los Angeles, CA – Despite an 11th hour decision on Tuesday to raise the U.S. debt ceiling to avert a default, many believe the lackluster results of this decision on the economy may result in another recession. Wednesday the stock market was down sharply, causing economists and financial analyst to speculate that possible solutions to

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