Stories tagged with: Debt Ceiling

July 26, 2011 - 4:31pm
2 years 51 weeks ago

With a fast approaching deadline. President Obama held his 7th prime time televised address last night pushing for Congressional Leaders to reach a deal that would allow the government to continue borrowing money and pay its debts.

If Congress fails to raise the $14.3 trillion debt limit by August 2nd Americans could face rising interest rates and a decline in the value of the dollar. 18th District Congressman Bob Gibbs said it will ultimately cause individual mortgages, car loans and...

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