Radio Buzz: Raising the Debt Ceiling; AZ Immigration Law

The Radio Buzz... the top talk radio stories of the day.

Audio clip:

To raise ... or not raise... the debt ceiling...

As a Senator in 2006 - Obama voted against raising it... but now...

Press Secretary Jay Carney says the President views his vote as a mistake...

And now - the Obama Administration is asking Congress to raise it...by next month.

"If the United States does not raise the debt ceiling - that is - it's statutory limit on borrowing - it would default on it's obligations starting in late may or early June."

Fox News Political Analyst Jeff Birnbaum - speaking with Tony at WHAS.

Worst case scenario - if the ceiling isn't raised - what could happen?

"There would be a financial crisis that would tank the stock markets - interest rates would rise everywhere in the world - there would be a renewed kind of inflation - a kind of financial warfare - an attack on all of us would be created if the U.S. actually defaulted."

We may end up seeing another stand off on Capitol Hill - with Republicans warning they will not vote to raise the debt ceiling - unless they see genuine efforts to reduce the deficit.

Buzzing on...

A Federal Appeals Court in Arizona - refusing - to lift a stay blocking major parts of a hotly contested - state immigration law.

The law - would require law enforcement to check immigration status - when enforcing other laws.

"Arizona's law just basically verbatum restated the federal law. If you're in the United States and you're not a citizen - you're required by law - since 1945 - to carry your documents - and basically thats what Arizona's law says - and if you don't have your documents with you then you're in violation of federal law and Arizona's law."

That was Steven Camarota - Director of Research for the Center for Immigration Studies - speaking with Sergio at KURV in McAllen, TX.

"We're expecting this case to go all the way to the Supreme Court - as you as well - right Steve?"

"It does seem likely that Arizona will appeal it to the Supreme Court eventually - atleast that's what politcally they've said so far."

Arizona's Governor - Jan Brewer - in implementing the law - said that the federal government hasn't effectively enforced immigration law - and that the state law will assist federal authorities.

I'm Jessica Curtis - and that's your Talk Radio Buzz, from Fox News Radio.