DebtLine

Business As Usual

Jul 29, 2011

Four days and counting. That’s how long Congress and the President have to figure out what to do about the nation’s debt ceiling. And this week in our series “Debt Line” we’re exploring how this debt crisis could impact Idaho.  If the nation doesn’t raise its borrowing limit, it will have to take money from several federal programs to avoid default. But as Boise State Public Radio’s Adam Cotterell reports, federal employees in Idaho aren’t letting that get to them.

Congress has until August 2nd to come up with a solution on whether to raise the debt ceiling.  Some of the talk around the debate has focused on changes to Social Security and Medicare.  Our series Debt Line continues today with opinions from Idaho seniors.

This morning we continue our series “Debt Line”… stories focused on what it would means for Idahoans if the U.S. hits the debt ceiling.  Congress and the President face an August 2nd deadline to come up with a solution.  And if they can’t, the federal government will start to run short of cash to pay bills.  Professor Charlotte Twight is watching this closely. She teaches Economics at Boise State University.