Timmy Gets a Raise for the Treasury

Saturday, December 26, 2009 , , , 1 Comments

CNN Money:

With the federal government inching close to the debt ceiling, the Senate on Thursday passed a $290 billion increase to the amount of debt the Treasury is allowed to have.

The 60-39 vote follows House approval earlier this month of the same measure. President Obama is expected to sign the bill soon.

The new law raises the debt ceiling to $12.394 trillion from $12.104 trillion.

As of Tuesday, the amount of debt subject to the limit on Treasury's books was $12.04 trillion, just $64 billion below the limit.

The increase is estimated to cover Treasury's borrowing needs through mid-February.

And then?

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


darkcloud said...

JD -

Just want to wish you a belated Happy Holidays.