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Record $14 trillion deficit weighs on Congress
The United States hit a new debt high of $14.02 trillion, sparking a clash on Capitol Hill over raising the debt limit. Treasury warns of catastrophe if not increased, while Republicans push to cut spending. the Tea Party and deficit hawks seek limits on borrowing amid a partisan fight.
MENTIONED IN THIS ARTICLE
Washington
United States
Congress
Capitol Hill
Arizona
Treasury
Timothy Geithner
House
John Boehner
George Washington
George W. Bush
Obama
Geithner
Barack Obama
Senate
America
U.S
Bush
White House
Greece
Portugal
Gingrich
Harry Reid
D-Nev
Georgia
Newt Gingrich
Congressional Oversight Panel