Get Political Wire by Email:



February 19, 2012


Payroll Tax Deal Pushes U.S. Closer to Debt Ceiling

The payroll tax extension that Congress passed last week "accelerated the timeline for another battle over the debt ceiling," The Hill reports.

"The debt-ceiling agreement lawmakers approved in August established a cooling-off period, with enough borrowing to see the country through until after the November election. But a sequel to the debt-ceiling drama could be coming to Washington sooner than planned, thanks to the billions of dollars in deficit spending in the payroll tax agreement."












POLITICAL WIRE PODCAST

Political Wire Podcast Engaging conversations about elections and the political issues of the day. Subscribe via iTunes or RSS to get episodes automatically downloaded.



FREE NEWSLETTER




TRENDING VIDEO







PARTNERS










FOLLOW US