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That decision was a response to a U.S. unemployment rate stuck at 9.6 percent, a recent slowdown in already weak GDP growth, a decline in total employment in three of the past four months, a low and declining inflation rate, weak money growth, and fiscal policy off the table over deficit concerns.
FORBES: Global Pots Calling the Kettle Black
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The short-term increase in the borrowing cap is the brainchild of House Republicans, who wanted to re-sequence a series of upcoming budget battles, taking the threat of a potentially devastating government default off the table and instead setting up a clash in March over automatic across-the-board spending cuts set to strike the Pentagon and many domestic programs.
NPR: Senate To Clear Debt Limit Increase For Obama
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In a gripping finale, Piquionne blazed over and Odemwingie missed two decent chances to win the contest, ensuring West Ham climb off the foot of the table with this well-earned point.
BBC: West Brom 3-3 West Ham