debt ceiling

KNAU and Arizona News
3:27 pm
Thu June 7, 2012

The Debt Ceiling Debate is Back

The debate over raising the nation’s debt ceiling is back before Congress.

And once again, Republican leaders are drawing their line in the sand.

But the debate could hurt Arizona as it struggles to get its own triple A credit rating back.

The debt ceiling is kind of a technicality.

The money’s been spent, but Congress has to raise the ceiling on how much the federal government can borrow in order to avoid defaulting.

Last year a bipartisan coalition voted to raise it as a part of a broad compromise.

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