- How to save a life: Lifeguards resuscitated young girl at Cape Splash (8/17/17)2
- Woman's post about 'Back the Blue' sign in Jackson coffee shop prompts firing from nearby bar (8/15/17)11
- Chaffee man charged with attempting to have ex-wife killed (8/20/17)3
- Former Chaffee officer faces DWI charge (8/20/17)2
- Scott City school chief gets raise, while some teachers don't (8/17/17)6
- PBS crew filming in Cape; Glenn House to be featured (8/17/17)
- Jumbo size: Rhodes 101 sets a world record with 15-foot, 4,700 gallon drinking cup (8/21/17)3
- Scott City Council reinstates police chief (8/16/17)1
- Unions deliver signatures to block right-to-work in Missouri (8/20/17)40
- Woman dies in house fire in Cape Girardeau County (8/16/17)
Government may hit national debt ceiling next year
WASHINGTON -- The government could hit the new $7.4 trillion limit on the national debt next year-- any time from April through October, Treasury Department spokesman Rob Nichols said Monday.
President Bush last month signed a bill allowing a record $984 billion increase in the amount the federal government can borrow. It marked the second increase in the debt ceiling in roughly a year. In June 2002, the debt ceiling was increased by $450 billion to $6.4 trillion.
The issue is politically touchy. Democrats have blamed the government's need to borrow more on Bush's tax cuts, his handling of the economy and ballooning federal government budget deficits. Republicans have blamed the weak economy and the costs of fighting terrorism for the need to extend the debt limit.