US debt limit to be hit on Nov. 3

Another fight is shaping up over raising the nation’s debt limit. The public’s debt will reach its upper limit on Nov. 3, requiring action by Congress to prevent default.

At press time, House Speaker John Boehner, R-MO, who plans to retire at month’s end, was preparing a “clean bill” to raise the debt ceiling, but conservative GOP members are demanding deep spending cuts to be attached.

US debt limit to be hit on Nov. 3

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