The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. December 28, 2011 Obama to Seek $1.2 Trillion Debt Ceiling Increase -------------------------------------------------- The White House has announced President Obama will ask lawmakers for a $1.2 trillion increase to the federal debt ceiling. It would mark the last increase under the bipartisan spending deal reached in August when the United States faced the prospect of a debt default. .