Yesterday I attended Senator Kay Hagan’s debt crisis round table at Kenan-Flagler Business at UNC School moderated By Charlie Rose. The meeting had many important aspects I wish to write about over time. With the importance of the debt ceiling crisis I wish to briefly summarize it now.
The main point made by the panelists was the separation of the debt ceiling from the debt crisis. The debt ceiling crisis needs to be solved immediately and the debt crisis in the near future. There is no reason for the two to be linked. Senator Hagan says the Senate needs to have the bill by Wednesday due to procedural problems which may be encountered such as cloture. Read more