Nov. 6, 2012
In dawn’s early light on Wednesday – or perhaps in the days that follow, the man whom voters choose to be president may need to take a breath when he remembers that he faces an array of near-term challenges or nightmares, some with deadlines that must be confronted in the seven weeks before New Years’ Eve...
Debt limit: According to the Bipartisan Policy Center, by sometime in February the federal government will reach its borrowing limit, even with the use of extraordinary stopgap accounting measures by the Treasury Department to push back that date. The House Republicans only very reluctantly voted to raise the debt limit in 2011 after the impasse between Obama and the House GOP over debt had severely shaken the confidence of investors in U.S. financial markets. The new House may be even more resistant to a debt ceiling increase if Obama wins a second term.
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Economic Policy Project