IPFS News Link • Legislative Mischief
Rising debt could derail Congress on just about everything
• McClatchy NewsFederal budget deficits remain at record highs. The national debt is $12.1 trillion and Congress must vote soon to let it go higher or else the Treasury won't be able to issue new debt. President Barack Obama is expected to announce Tuesday a plan to send an additional 30,000 to 35,000 American troops to Afghanistan, which will require more spending.
Despite the Obama administration's promise of a new era of fiscal responsibility, seven of the 12 major appropriations bills that set federal spending — including those that govern the budgets of the Departments of Defense, Health and Human Services and Transportation — still haven't passed Congress.