Congress: Stop Bickering Before We Run Out of Money
Posted at 5:01 p.m. on Feb. 6
Wall Street Journal: “The U.S. Treasury Department took a first step Tuesday to avoid breaching the government’s debt ceiling once the suspension of the borrowing limit is lifted Friday. The Treasury said it would suspend sales of state and local government series securities as of Friday. The move doesn’t increase headroom under the ceiling, but it stops the Treasury from amassing new public debt.”
Meanwhile, Roll Call reports Speaker John Boehner admitted he doesn’t have a plan that can get enough Republican votes in the House.