National Debt Now Tops $12 Trillion

by Mark Knoller,CBS News

 Obama has already increased the debt $1.6 Trillion in less than a year

It’s another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population,it amounts to $38,974.34 for every man,woman and child.

Technically,[...]

Obama Asks Senate to raise Debt Ceiling

By Walter Alarkon,The Hill

Debt is at 12 Trillion,Obama wants to borrow more

The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October,a move viewed as necessary despite protests about the record levels of red ink.

The move will [...]