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Obama’s Debt Ceiling Deal & Mortgage Rates - Backing Down or Standing Up?

Posted by Matthew Boreen
Matthew Boreen
Founder of RealEstateSwap.com. I kiteboard, snowboard, work with robots, study AI, and play jazz clarinet.
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on Thursday, 04 August 2011 in Real Estate One Stop Shop Blog

Barack_Obama_Debt_CeilingThe US has finally come together and solved our debt ceiling crisis.  Everything is back to normal...


Obama has completely backed off his demand for new revenue in the deal that passed the House a few days ago to raise the debt ceiling and cut the deficit. Several lawmakers have said they don’t know whether he can be counted on to stand firm on raising taxes on the wealthy and protecting programs such as Medicare.

 

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Tags: AAA credit rating, AAA rating, barack, barack obama, credit rating, debt ceiling, lending rates, mortgage industry, mortgage rates, obama, us economy
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