Congress Needs Short-Term Fix to Address Debt Ceiling, Spending
It’s the time of year when the prospect of a government shutdown looms over the horizon because members of Congress waited until the last minute to address the nation’s pressing fiscal needs. Now, Congress, after its record year of profligate spending, faces a shutdown and a showdown over raising the debt ceiling. The U.S. Treasury Department warns that if the debt ceiling is not raised, extraordinary measures to finance the debt will soon be exhausted.