UPDATE: Debt Ceiling Passes in the Senate

I said you’d hear from me again on the debt ceiling and I wasn’t wrong! The Senate just passed the clean debt ceiling increase which the House passed earlier yesterday. The measure staves off a debt default at least until March 2015 and was passed with absolutely no strings attached in terms of spending or tax policy. At least for the next twelve and a half months, we can put this issue aside. Though considering that speculation about the 2016 Presidential election will turn into an outright maelstrom next year, having another debt brawl in Congress is not something to look forward to. 

I’ve linked to the New York Times Article if anyone wants to read further!

New York Times: http://www.nytimes.com/2014/02/13/us/politics/senate-debt-ceiling-increase.html?hp&_r=0

Chirag 

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