Debt Limit Photos on Townhall

  •  - The National Debt Clock, hangs on a wall next to an office for the Internal Revenue Service near Times Square, in New York

    The National Debt Clock, hangs on a wall next to an office for the Internal Revenue Service near Times Square, in New York

    Posted: 5/16/2011 7:00:12 PM EST
    The National Debt Clock, which displays the current United States gross national debt and each American family's share, hangs on a wall next to an office for the Internal Revenue Service near Times Square, in New York, May 16, 2011. The Treasury Department said the nation had hit its $14.294 trillion debt limit -- a milestone that has little practical impact beyond injecting a note of urgency into the debate over taxes and spending that has dominated Washington this year. REUTERS/Chip East (UNITED STATES - Tags: BUSINESS POLITICS SOCIETY)
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    Posted: 5/1/2011 2:25:10 PM EST
    FILE - In this Dec. 9, 2010, file photo Budget Director Jacob Lew, from right, and Treasury Secretary Timothy Geithner meet with the Deficit Commission in the Roosevelt Room of the White House in Washington. From left are Rep. Jan Schakowsky, D-Ill., Commission co-chairman Erskine Bowles, Senate Budget Committee Chairman Sen. Kent Conrad, D-N.D., David Cote, Sen. Mike Crapo, R-Idaho, Rep. Tom Coburn, R-Okla., commission member Alice Rivlin, Geithner, and Lew. As Geithner warns that the nation's debt limit must be increased, Coburn, Crapo and Conrad are three of a bipartisan group of six senators, who are closing in on what could represent the best chance for tackling a deficit crisis. (AP Photo/Susan Walsh, File)