Send me a link:

*Only U.S. numbers are accepted. Text messaging rates may apply.

  • Find Channels

Categories

Wochit

Obama Signs Increase In U.S. Debt Ceiling

President Barack Obama signed legislation on Saturday that raises the U.S. debt limit through March 2015, taking the politically volatile issue off the table with congressional ele... More President Barack Obama signed legislation on Saturday that raises the U.S. debt limit through March 2015, taking the politically volatile issue off the table with congressional elections coming up this November. Without an increase in the statutory debt limit, the U.S. government would have soon defaulted on some of its obligations and would have had to shut down some programs, an historic event that would have caused severe market turmoil. On a long holiday weekend in a desert resort area in southern California, Obama put his signature on the legislation without fanfare, while behind closed doors at the Sunnylands retreat. Less

Editors' Picks

Comedy Central

BuzzFeed

POPSUGAR

Comedy