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October 23, 2014, 6:02 am
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Durbin: Another Debt Ceiling Showdown Looming


U.S. Senator Dick Durbin is warning of a potentially damaging showdown on Capitol Hill later this year… over an ongoing source of conflict, the nation’s debt ceiling. 

 

Durbin says he expects Congressional Republicans will again fight efforts to extend that debt ceiling, which limits the amount of money the U.S. government can borrow to pay its bills.  Although estimates of the annual budget deficit are shrinking, Durbin says the borrowing must happen in order to avoid a default that could derail an economic recovery. 

 

Appearing live on 970 WMAY’s “Jim Leach Show,” Durbin said people need to contact their lawmakers now and let them know how they feel about the upcoming debt ceiling vote.

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