- Harbor Freight Tools plans to move ahead with Cape Girardeau store (12/5/17)2
- Feds ask judge to impose $6.5 million punishment for Cape surgeon (12/7/17)9
- Business Notebook: Yule Log Cabin gets home feel honestly (12/4/17)
- Former Wimpy's Drive-In owner Freeman Lewis dies (12/9/17)2
- Makeover at the movies: Transformation complete inside Cape theater (12/8/17)4
- Sugarfire Cape barbecue restaurant to open June 2018 (12/7/17)
- Rep. Lichtenegger proposes change to term limits (12/4/17)7
- Fire displaces family of seven (12/5/17)1
- Buffalo Wild Wings moving to new location in March (12/2/17)2
- Fruitland Army veteran spends weeks helping in ravaged Puerto Rico (12/5/17)2
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.