Obama administration delays request for debt limit increase after Congress objects
http://dervishcom.blogspot.com/2011/12/obama-administration-delays-request-for.html
HONOLULU — The Obama administration has delayed a request to raise the nation's borrowing limit by $1.2 trillion after congressional leaders objected to a timeline that would have made it difficult for lawmakers to vote on the measure.
The delay recalled the nasty, extended fight over the debt ceiling last summer when the White House and Congress reached an agreement to raise the borrowing limit at the 11th hour before a potential financial default. But the White House described the new delay as a technical maneuver and insisted it would not affect the nation's credit worthiness.
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Source: http://feeds.washingtonpost.com/click.phdo?i=d5d8c8ad3add05f32e832cd6f5ea2514
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