national debt http://knau.org en The Debt Ceiling Debate is Back http://knau.org/post/debt-ceiling-debate-back <p>The debate over raising the nation&rsquo;s debt ceiling is back before Congress.</p><p>And once again, Republican leaders are drawing their line in the sand.</p><p>But&nbsp;the debate could&nbsp;hurt Arizona as it struggles to get its own triple A credit rating back.</p><p>The debt ceiling is kind of a technicality.</p><p>The money&rsquo;s been spent, but Congress has to raise the ceiling on how much the federal government can borrow in order to avoid defaulting.</p><p>Last year a bipartisan coalition voted to raise it as a part of a broad compromise.</p> Thu, 07 Jun 2012 22:27:10 +0000 Matt Laslo 15138 at http://knau.org