The Treasury Department said yesterday the U.S. is on track to hit the debt ceiling by the end of the year, which adds another element of uncertainty to the market.
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In contrast, if Congress allowed the federal government to hit the debt ceiling, it would effectively be telling the government, by law, to do two contradictory things.
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The Treasury was about to hit the debt ceiling, sometime in middle to late February.
The Republicans could defer all discussions with regard to the debt ceiling, which may be hit as early as January, to the next Congress by increasing the debt ceiling by the amount necessary to accommodate three or six additional months of deficit spending.
Lower tax revenues pressures the U.S. deficit, which is likely to hit its deficit ceiling before the November election.
And she worked her way up to become a vice president at a local bank, but she hit the glass ceiling.
"Right about that time, we hit some really severe turbulence, and ... several people flew up and hit the ceiling of the plane and then were immediately slammed down to the floor of the plane, " first class passenger Jeff Hornback told KPLC.
This summer she plans to hit a few more caves in Kentucky, including one where unclassified microorganisms are eating away at the ceiling, turning it into a squishy white substance like icing on a cake.
The 9.9% ceiling on the large-deposit tax means that small savers also had to take a hit.
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Treasury Secretary Tim Geithner said the U.S. will hit its debt ceiling Dec. 31 in a letter to congressional leaders.
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But I also saw how she hit a glass ceiling, and had to watch as men, no more qualified than she was, rise up the corporate ladder.
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