Latest Weather Blog
Boehner likely to move on debt limit hike before departure
WASHINGTON - House Speaker John Boehner is signaling that he'll move must-do legislation to increase the government's borrowing cap before he leaves Capitol Hill.
The statutory cap on the government's so-called debt limit needs to be raised by early November, the Congressional Budget Office said Wednesday, confirming a recent warning from the administration.
Boehner's office said the Ohio Republican has made it plain that he wants to "solve some outstanding issues" like the debt limit before he leaves office, though it noted no final decisions have been made.
If the government runs out of cash, it can't pay obligations like interest payments, Medicare payments, and Social Security checks. The government has never defaulted on its obligations and a severe market reaction would be all but certain if it did.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
New Baton Rouge casino almost complete, 100 job openings need to be...
Sarasota Drive bridge reopened after nearly a year of construction
Board approves increased 911 fees for EBR; new rates take effect as...
Pointe Coupee arrests 2 juvenile drive-by suspects. Between them, they're wearing 5...
Car soars through the air after hitting tow truck ramp on Georgia...
LSU, Tulane to meet in first round of Baton Rouge Regional as...
LSU president reminisces during team trip to DC
Southern baseball sweeps Arkansas-Pine Bluff to finish out regular season
A candid conversation with Kim Mulkey - Watch the half-hour special on...
Channel 2's Best Bet$: NBA Playoffs