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Why Obama Has The Power To Raise The Debt Ceiling

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OBAMA DEBT CEILING
US President Barack Obama delivers a statement late January 1, 2013 at the White House in Washington DC. Obama said he had fulfilled a campaign promise to make the US tax system fairer with a deal to avert the fiscal cliff crisis that passed after a fierce duel in Congress. AFP Photo/ Chris Kleponis | Getty Images
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With the fiscal cliff behind us, we now must look forward to yet another budgetary battle—over the debt ceiling, in a repeat of summer 2011.

Read the whole story at Slate

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