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The Hill said:Obama to ask for increase to debt ceiling in a 'matter of days'
By Amie Parnes - 01/10/12 01:42 PM ET
The Obama administration will be asking Congress to raise the debt limit in the coming days, White House press secretary Jay Carney said on Tuesday.
"I'm confident it will be executed in a matter of days, not weeks," he told reporters.The notification by the administration — which had been scheduled for last month — was delayed because Congress has been holding only pro forma sessions.
The White House will be asking Congress to raise the U.S. borrowing limit by $1.2 trillion. The move would mark the third and final increase from the debt-ceiling deal reached last year by Congress.
Previous news stories identified the amount to be $1.2 Trillion dollars more.
We are possibly near the height of irresponsibility to continue down the same path that we know leads to default.
U.S. National Debt Clock : Real Time