The best part of Ed Steer today is this article
There's been a lot of talk about boosting the U.S. debt limit lately. The figure being bandied about is $1.8 Trillion dollars. Now it appears that they're considering a much smaller short-term boost of roughly $200 to $300 billion just to prevent the U.S. from going into default over the next couple of months. Here's the very brief Reuters report on that linked here .
US House to vote on short-term debt limit hike
Tue Dec 15, 2009 11:18am EST
WASHINGTON, Dec 15 (Reuters) - The U.S. House of Representatives will vote on a short-term boost to the debt limit this week to avoid a government default, House Democratic leader Steny Hoyer said on Tuesday.
Bonds
Leaders are considering a hike of roughly $200 billion to $300 billion.
"Essentially that will get us an additional two months of fiscal ability," Hoyer told his weekly news conference.
And the big Question is...
Why US$ is up?
