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**Written by Doug Powers

Put on your hard-hat… the US is fast approaching the latest raised ceiling.

From ABC News:

It will be the latest sobering economic milestone that few were hoping to see: The U.S. national debt – any day now – will soar above the $15 trillion mark.

As of this writing, the total debt is $14.97 trillion, so moving beyond the symbolic $15 trillion is a foregone conclusion. When the unwelcome milestone is reached, it will come at a volatile time both in this country and abroad.

Across the Atlantic, President Obama is in Cannes, France, for the G-20 summit that takes place as Europe is trying to finalize a bailout for debt-ridden Greece.

At the G-20 summit, Sarkozy, fully aware of President Obama’s nearly three-year virtuoso performance when it comes to keeping America’s debt in check, requested a favor:

Obama possibly thought Sarkozy was being sarcastic and retaliated by calling Sarkozy ugly… or something.

The jokes are really flying at the G-20.

**Written by Doug Powers

Twitter @ThePowersThatBe