Contact Us

Federal Debt Ceiling To Be Reached In Mid-October

Capitol Hill
Mark Wilson/Getty Images

The United States will hit its debt ceiling in mid-October, according to Treasury Secretary Jacob Lew.

Specifically, the nation will run into its debt ceiling on October 15th.

Washington has known that the debt ceiling will be an issue this fall, but it was uncertain exactly when the nation will hit that ceiling.

If the nation were to hit the debt ceiling and not raise it any higher, Lew says the nation will be forced to use only the revenue that comes into government.  That is about $50 billion, not enough according to the Treasury Secretary.

It is safe to expect that the House will try to leverage several items, like the President’s Affordable Care Act, to get a long term plan to repay the loans.  However, these will be countered by forces who want to ensure essential programs remain funded.

If you had to choose one “worst evil”, would you rather have Obamacare or a higher debt ceiling?

More from 710 KEEL

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://710keel.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on News Radio 710 KEEL quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on News Radio 710 KEEL quickly by logging in with your Facebook account. It's just as secure, and no password to remember!