Sunday, July 31, 2011 at 5:00 am (Updated: July 31, 5:03 am)
At the time of this writing, there is still a stalemate in Washington about raising the debt ceiling. In the past there has never been a problem with raising this ceiling.
During the Reagan administration it was raised 17 times and during the George W. Bush administration the debt ceiling was raised eight times. Now all of sudden, with President Barack Obama in the White House, there is a problem with raising the ceiling.
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