Debt limit debate likely to stretch to July (Reuters) – 1367th Edition

10 05 2011

A digital clock that tracks the U.S. National Debt is mounted on a wall above an Internal Revenue Service office in New York April 18, 2011. REUTERS/Lucas JacksonReuters – The United States is on track to exhaust its $14.3 trillion credit limit on May 16 but it could be July before President Barack Obama and Congress cut a deal increasing borrowing authority, congressional sources estimate.

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