The battle over the national deficit and more specifically the national debt is about to be joined again. The President will ask Congress to increase the national debt ceiling . The increase would be one of $1.2 trillion. That would make the total $16.4 trillion. Congress has 15 days to block the move.
The formal request is part of last August’s deal to raise the debt ceiling by $2.1 trillion and avoid a default. Lawmakers agreed to do it in steps.
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