GET INVOLVED
U.S. about to hit debt ceiling - again
The $12.1 trillion debt ceiling is fast approaching 'over the limit' status. Unless Congress raises it, Uncle Sam won't be able to pay what the country owes.
September 16, 2009
CNNMoney
Jeanne Sahadi
Excerpt
"Our credit as a nation would plummet immediately and throw the world economy into a depression," said Charles Konigsberg, chief budget counsel for The Concord Coalition, a deficit watchdog group.