Debt Limit Deadline Looming Over Congress

The government needs to borrow more money and a fight over that could be looming sooner than expected.

FOX News Radio’s Jared Halpern has more from Washington:

The Treasury Secretary warns that debt limit deadline will come two days earlier than first expected… Jack Lew in a letter to House Speaker John Boehner warns after November 3 the government will have less than $30 billion a day to cover expenses as high as $60 billion a day.

Earlier this month Treasury gave Congress until November 5. The debt limit has become a major sticking point for Conservatives, who could try to demand future spending cuts as part of a deal…

A strategy the President warns could increase the risk of default.

In Washington, Jared Halpern, FOX News Radio.