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Home Front: Politix
Obama signs US debt ceiling bill into law
2011-08-03
[Al Jazeera] The US Senate has approved a bill that raises the country's borrowing limit and averts a possible default, after the lower house of congress approved it on Monday following weeks of political wrangling.

The upper house of congress passed the measure by 74 votes to 26. It required 60 votes to pass.

Barack B.O. Obama, the US president, has signed the bill into law following Tuesday's vote.
Posted by:Fred

#7  Whats the over/under on blowing through that new credit card before elections?
Posted by: swksvolFF   2011-08-03 22:57  

#6  Everyone making $100K will be paying about $2100 more in taxes as a result of this bill.
Posted by: JohnQC   2011-08-03 13:20  

#5  YIPPEE!! Now we can go even further into debt!
Posted by: Deacon Blues   2011-08-03 12:27  

#4  How did he find time for this? you know he must work on his golf game.
Posted by: newc   2011-08-03 08:11  

#3  Not to be outdone by the Euros ...

* FREEREPUBLIC > [Nikkei]ASIAN MARKETS GETTING SMAHSED TONIGHT.
Posted by: JosephMendiola   2011-08-03 02:03  

#2  See also WORLD NEWS > [Daily Mail.UK = you bet the Title, Artic is LONG]DEBT DEAL PASSES SENATE AS OPEN WARFARE BREAKS OUT IN WASHINGTON DC, WITH [Sarah] PALIN SLAMMING "VILE" BIDEN [VPOTUS Joe] ATTACK CALLING TE PARTY "TERRORISTS".

and

* FREEREPUBLIC > {Der Spiegel] A CIVIL WAR ATMOSPHERE IN WASHINGTON.

* SAME > CHINA BOLDLY GOES WHERE MOODY'S HAS NEVER GONE BEFORE, DOWNGRADES US ["Dagong" Global Credit Rating], OUTLOOK NEGATIVE.

From A+ to A.

* SAME > RUSH:THERE WILL BE A NEXT OBAMA CRISIS, + IT WILL HAPPEN WIDIN SEVEN DAYS.

Plenty of Debt Deal News + related oer at FREEP.

* TOPIX > ANALYSTS: DEBT DEAL GOOD FOR US, BUT NOT FOR STRUGGLING EUROS.

IMF + EU bracing for post-Deal $$$ fluxes = "Dollar Anarchies".
Posted by: JosephMendiola   2011-08-03 00:22  

#1  No word if Bambi had spent any time in cars in Dunkin Donut parking lots, working on his, er, next stimulus package.....
Posted by: Anginenter Chavising6174   2011-08-03 00:16  

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