By Charles Riley – Congress is now staring down a series of deadlines to raise the country’s legal borrowing limit. First up: May 16, Treasury’s latest estimate as to when U.S. debt will hit the country’s $14.294 trillion ceiling.
That’s only two weeks away. If Congress doesn’t act, the Treasury would employ a range of extraordinary measures to prevent the United States from defaulting on its obligations. more> http://is.gd/rgq693
- Debt-limit standoff: 10 things to watch
- Republicans throw right hooks in escalating fight over budget, debt, Erik Wasson and Russell Berman, Hill
- Debt-Limit Deniers Say Geithner Tries to Stampede Republicans Into Vote, Brian Faler, Bloomberg
- The GOP’s debt-ceiling silliness, E.J. Dionne Jr., Washington Post
- Obama now regrets ‘political’ debt limit vote, Michael A. Memoli, latimes.com
- House GOP faces reality of a deal, Jake Sherman and Marin Cogan, POLITICO.com