The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.
Only this time, we don't get dinner theatre out of it. The last mock battle ended in an agreement that puts this kind of thing on rails. Obama "asks," and it's then automatic unless Congress says "no" within 15 days. Oh, by the way, Congress is in recess for the next 21 days.
Don't you wish your credit line worked like that?
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