Report: Debt ceiling to be hit in mid-October

|By:, SA News Editor

Time for writers/pundits/bloggers to get their keyboards revved up - the U.S. Treasury debt limit is set to be reached in mid-October, reports Dow Jones, citing sources close to the matter. That the debt ceiling would again be an issue was not in question, but this puts a bit of a firmer date on the timetable.

The 2011 fight combined with EU debt-crisis jitters to offer up major buying opportunities in both stocks and bonds.