Friday, September 9, 2011

Senate Approves $500 Billion Increase in Borrowing Authority

The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion...
The complicated procedure, designed by Senate Minority Leader Mitch McConnell (R., Ky.), would allow an increase of the borrowing limit while allowing most Republicans to vote against such an increase.
Don't count on my support of either Republicans or Democrats. Full story is here.

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