The Treasury Department said Thursday it would reach the debt limit a bit earlier than was expected by many on Capitol Hill.
Treasury Secretary Jacob J. Lew told Congress in a new letter that thanks in part to lower-than-expected quarterly tax receipts, the extraordinary measures to forestall breaching the debt limit, combined with the new revenues, will run their course just a week after the resignation of Speaker John A. Boehner, R-Ohio, takes effect.
That makes it all the more likely the debt limit will need to be addressed before his departure.
You can read the rest @
http://www3.blogs.rollcall.com/white-house/debt-limit-coming-sooner-thought-nov-5/
Good job, guys!
I think Boehner knew the shit is about to hit the fan and tried to bail out before it does.
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