Debt Ceiling Caves in on Republicans
January 24, 2013
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7:36Now PlayingDebt Ceiling Caves in on Republicans
YouTube Description
as posted by the channel"Avoiding an economic showdown with President Obama, the House on Wednesday passed legislation to eliminate the nation's statutory borrowing limit until May, without including the dollar-for-dollar spending cuts that Republicans once insisted would have to be part of any debt limit bill."*
House Republicans have had a rare cave-in on the debt ceiling, putting off the fight for the budget and government funding for a little longer. Could this be a strategy to get leverage? Cenk Uygur explains what the real motivation is, and where Wall Street fits in.
*Read more from Jonathan Weisman/ New York Times:
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