REPORT: Debt Limit Fight Cost Government $1.3 Billion In 2011

REPORT: Debt Limit Fight Cost Government $1.3 Billion In 2011: Republican opposition to raising the debt ceiling increased the government’s borrowing costs by $1.3 billion in fiscal year 2011, and costs will continue to rise in the future, a report from the Government Accountability Office found. The U.S. Treasury was forced to take varying actions to avoid hitting the debt limit before Congress raised it [...]/p