Opposition Republican leaders agree on the need to raise the borrowing limit by August second or risk the nation's first default.

VOA: special.2011.07.15

Yet France may raise the age limit for beer and wine sales to eighteen, the same as for hard liquor there.

VOA: special.2009.04.02

But on Thursday, Federal Reserve Chairman Ben Bernanke warned lawmakers that lack of action to raise the borrowing limit would mean a lower credit rating.

VOA: special.2011.07.15

Because ideas can flow so freely, efforts to limit distribution raise challenging enforcement obstacles.

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For example, excessive debt and persistent unemployment may limit spending, raise interest rates and crimp growth.

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Additionally, Congress should provide that when it next comes time to raise the debt limit, a super-majority vote of both Houses of Congress will be required to raise the debt ceiling by a percentage greater than the rate the economy is growing.

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