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Watchwoman on the Wall
NEWS! – US borrowing tops 100% of GDP
By
Donna Calvin
By Alex Wong | AFP – 16 hours ago US gross debt shot up $238 billion to reach 100 percent of gross domestic product after the government’s debt ceiling was lifted, Treasury figures showed. Read More: http://uk.news.yahoo.com/us-borrowing-tops-100-gdp-treasury-000802893.html Related Items: NEWS! – U.S. eats up most of debt limit in one…
NEWS! – U.S. eats up most of debt limit in one day – $239 Billion!
By
Donna Calvin
$239 billion spike uses up 60% of funding OK’d on Tuesday U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal. The debt subject to the statutory limit shot way past the old…
House Rejects Reid’s Bill, Senate Reject’s Boehner’s Bill
By
Donna Calvin
[Proverbs 29:2] When the righteous are in authority, the people rejoice: but when the wicked beareth rule, the people mourn. CNN BREAKING NEWS reports: The Republican-controlled House of Representatives rejected Senate Majority Leader Harry Reid’s plan to raise the nation’s debt ceiling Saturday, voting against the bill 173-246. The Democratic-controlled Senate rejected Speaker John Boehner’s…
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