Factbox: What the National Debt, Debt Ceiling Mean to Our Economy (ContributorNetwork)

ContributorNetwork - After the president's debt reduction group, headed by Vice President Joe Biden, met Thursday, there were no breakthroughs, according to Politico. The White House wants to have tax increases, or at least the expiration of tax cuts, on the table. Republicans claim that's a nonstarter. With the deadline to increase the debt limit looming, action will have to be taken soon.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ac/20110506/bs_ac/8430279_factbox_what_the_national_debt_debt_ceiling_mean_to_our_economy

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