From cliff to ceiling

Interesting article discussing the new US fiscal fight, the debt ceiling. They are quickly approaching the $16.4 Trillion ceiling. Will we see spending cuts and/or tax increases? Because doing nothing will mean default and raising the ceiling would likely result in another credit down grade, decisions…decisions…decisions. All this will no doubt have an afeect on the Canadian economy, but to what degree? Checkout the article below and be sure to leave us with your thoughts on the topic. The Economist: Jan 12th 2013 | from the print edition AMERICA sidestepped one fiscal disaster at the turn of the year when Barack Obama and Congress agreed…