After failing miserably to exact any meaningful spending cuts during the recently-concluded budget debate in Washington, D.C. (here's the latest on those depressing numbers), it appears as though Republican leaders are already preparing to cave on the next big fiscal fight. According to U.S. President
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Not raising the federal debt ceiling beyond its current level of $14.3 trillion would have "Armaggedon-like" consequences on the U.S. economy, a spokesman for U.S. President Barack Obama said on Monday. "The consequences of not raising the debt ceiling would be Armageddon-like in terms of the economy,"
Read story »By FITSNews || A day after President Barack Obama spoke of "freezing" federal spending, Democrats in the U.S. Senate sent a vastly different message to the American people - voting along party lines to raise the nation's debt limit to an unprecedented $14.3 trillion. That's a $1.9 trillion increase
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