Shelby Zeller Economics Mr.

Householder 7 January 2013 Article: Economic Issues Who: Congress, The Treasury Department, The House What: The legislation that passed on New Years Eve and the House on January first set up another fiscal-cliff type experience, that led to a fight about extending the government debt to be issued Why: By the end of February, the Treasury Department will have exhausted its legal authority to borrow. How: Congressional authorization will allow additional federal government debt to be issued, also known as the debt ceiling My Opinion: I do not feel like this is the best choice for our economy right now, knowing that it could possibly lead to another fiscal cliff situation, and that it could really slow down the economy, and could even end up going to the Supreme Court.