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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 02, 2011
Page
7
Washington notes mounting hurdles for Congress to raise the debt limit and enact spending cuts by August 2. Even if an agreement emerges this month, timing, passage, and vote scheduling risk a delay beyond the deadline.
President Obama selects Matthew Olsen to lead the National Counterterrorism Center. Olsen is a former federal prosecutor with deep intelligence experience. Obama praises his role in thwarting attacks and protecting the American people.
The Treasury says Congress must raise the borrowing cap by August 2 or risk default. The United States hit the 14.3 trillion dollar limit in May, and lawmakers face a mid July deadline to craft a deficit cutting deal amid pressure from both parties and talks on spectrum auctions.
The Minnesota state government shut down at 12:01 a.m. Friday after a tax and spending dispute between Democratic Gov. Mark Dayton and Republican majorities. Parks closed, road projects halted, and thousands of state workers laid off as leaders from both parties blamed the other.
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