Treasury Sees U.S. Debt Near Limit By End Of Friday

"The U.S. debt will come within $100 billion of its ceiling on Friday, and the Treasury Department anticipates the Obama administration will begin steps to seek a $1.2 trillion increase in the limit.
A senior Treasury official on Tuesday told reporters the administration will need to let Congress know when the debt gets within $100 billion of the ceiling, expected to happen by the close of business Friday. Currently, the debt limit is $15.194 trillion, and it would be $16.394 trillion after an increase...."

at http://blogs.wsj.com/economics/2011/12/27/treasury-sees-u-s-debt-near-limit-by-end-of-friday/?mod=WSJBlog