313101 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Budget choices setting up a major showdown in the house next wednesday. a terse one-sentence letter from president obama to house speaker john boehner full of bureaucratic jargon about the nation being in $100 billion of the limit in u.s. code 313101b. what it means is the america's debt is so out of control it's bumping up against the ceiling again. so the president wants congress to give another $1.2 trillion in borrowing authority based on the bipartisan deal cut last summer. >> the leaders of both parties, in both chambers reached an agreement that will reduce the deficit and avoid default...

Major showdown in the house next wednesday. a terse one-sentence letter from president obama to house speaker john boehner full of bureaucratic jargon about the nation being in $100 billion of the limit in u.s. code 313101b. what it means is the america's debt is so out of control it's bumping up against the ceiling again. so the president wants congress to give another $1.2 trillion in borrowing authority based on the bipartisan deal cut last summer. >> the leaders of both parties, in both chambers reached an agreement that will reduce the deficit and avoid default. the default that would hav...