moveleft.org/obamas_promises/www-barackobama-com_issues_fiscal.pdf

Does Obama ever tell the truth about anything?

Obama Sends Congress Notice to Raise Federal Debt Ceiling

Jan. 12 (Bloomberg) — President Barack Obama formally notified Congress today that that the government needs another $1.2 trillion in borrowing authority.

The written certification to raise the debt ceiling to $16.394 trillion, part of an August agreement between the White House and Congress to raise the limit in three steps, starts a 15-day clock for lawmakers to consider and vote on a joint resolution disapproving of the increase.

Obama Sends Congress Notice to Raise Federal Debt Ceiling – Businessweek