Today the Senate voted 60-39 to increase the centralized debt limit from $12.4 trillion to $14.3 trillion. No one is pleased that we need to borrow another $1.9 trillion in the next year or two, but the alternative–default–is unthinkable. So let’s hope that the House follows suit when it votes next week.<a href="http://www.istock tickeranalyst.com/article/viewarticle/articleid/3819576″>[More...]
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