With the government just $25M under its $15.194T borrowing limit on Tuesday, the White House...

|By:, SA News Editor

With the government just $25M under its $15.194T borrowing limit on Tuesday, the White House yesterday notified Congress that it plans to raise the ceiling by $1.2T. There won't be a repeat of the summer's fun and games, though, as even if legislators try to block the increase, President Obama can override them.