• All because of that pesky debt ceiling thing: Senate Majority Leader Harry Reid announced that the only fireworks members of the Senate would see next week would be strictly of the political kind — all in an effort to solve the pesky debt ceiling issue that’s been dogging Congress for a couple of months. If they can’t figure it out by August, it could have a dire effect on the overall economy, but Republicans want cuts to coincide with any sort of debt ceiling deal. Not every Senator is on board with this recess idea, by the way. We’re feeling less confident about their ability to fix this mess by the day. source

Posted by Ernie Smith • Permalink