$14,300,000,000,000: Debt Limit Showdown Looming

Republicans took control of the House of Representatives with vows to cut federal spending, but the GOP will soon face a stern test of its fiscal discipline early next year when Congress is set to raise the country's debt limit yet again. The debate is already raging over what to do. Refuse to raise the debt ceiling and risk a fiscal crisis? Or relent and risk alienating the voters who entrusted the GOP to tighten the federal purse-strings? "One key test Republicans will face as early as...Full Story
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