Washington, DC–(ENEWSPF)–July 29, 2011.
Reid Plan Would Address Debt Ceiling without Affecting Medicare, Social Security
Without signed legislation to raise the national debt limit by August 2, the Treasury will not have enough funds to pay the nation’s bills. Administration officials have warned of potentially calamitous effects on the economy if that happens – a spike in interest rates, a plunge in stock markets and a tightening in the job market. Without a higher…
