Another debt ceiling debacle could sink the economy
Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse. Read more at Counterparties
Congress negotiators nearing spending bill deal
WASHINGTON |
WASHINGTON (Reuters) - Congressional negotiators neared agreement on Thursday on a spending bill to fund many U.S. government agencies through September 30, 2012, Democratic aides said.
A deal would pave the way for Senate and House of Representative votes in coming days on legislation to avert a government shutdown. Current funding for the agencies expires at midnight on Friday.
(Reporting by Rachelle Younglai)
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I don’t see that patrolling the U.S. borders is such a crucial governmental function except in terms of making sure people who are immigrating to the U.S. are not suffering from dehydration and can be brought to welcome centers in the United States so that they can be integrated into the economy here in a way that they would like to be integrated into the economy if this is what they want.
I am actually glad that some Democrats have held back to help Republicans come to the agreement on the payroll tax cut and extending unemployment benefits.



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