House Housing Bill Raises Fed Debt Ceiling

Politico reports:

Add in the federal debt ceiling, and it’s a reminder of how deep in the red the government already is. The current debt limit of about $9.815 trillion will be exhausted this fall, and the Democrats’ new 2009 budget plan calls for raising the ceiling to $10.615 trillion — an $800 billion increase.


Want to take a look at the temporary money pumping costs of the Fed, go here.

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