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Debt ceiling deadline now Nov 3

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From flickr.com/photos/22007612@N05/6235832415/: John Boehner
John Boehner
(Image by Gage Skidmore)
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Treasury Secretary Jack Lew on Thursday moved up the deadline for Congress to raise the nation's debt limit. Lew told congressional leaders in a letter on Thursday that the Treasury Department would exhaust special accounting measures no later than November 3, two days earlier than he had previously estimated. If Congress fails to raise the nation's debt ceiling by that date, the US could risk a first-ever default on its obligations. And the need to resolve the issue comes amid chaos in the House Republican caucus.

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