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This version of NSU News has been archived as of February 28, 2019. To search through archived articles, visit nova.edu/search. To access the new version of NSU News, visit news.nova.edu.
This version of SharkBytes has been archived as of February 28, 2019. To search through archived articles, visit nova.edu/search. To access the new version of SharkBytes, visit sharkbytes.nova.edu.
S. Florida Professor Explains Trickle Down Effect Of Debt Debate
FORT LAUDERDALE (CBS4) – After daily meetings with congressional members, the President turned to the American people with some tough talk about the debt debate.
“I’m prepared to take significant heat from my party, to get something done,” President Obama told reporters in a televised news conference.
Experts say it’s a critical decision because, over the last couple of years, the country’s debt has increased dramatically, reaching the 100 percent debt ceiling.
“It is scary to some degree,” said Dr. Albert Williams, chair of finance and economics at Nova Southeastern University. “When we look at all of the potential negatives, we need to get this ceiling increased, at least for the short term.”
Read the whole story HERE on the CBS Miami Website!