Treasury Will Debt Limit Will on November 5

The Treasury Department said it would reach the debt limit a month earlier than was expected by many on Capitol Hill, Roll Call reports.

“Treasury Secretary Jacob Lew told Congress in a new letter that thanks in part to lower-than-expected quarterly tax receipts, the extraordinary measures to forestall breaching the debt limit, combined with the new revenues, will run their course just a week after the resignation of Speaker John A. Boehner (R-OH) takes effect.”