29-Dec-2011 - Obama to ask for debt limit hike: Treasury official (Reuters)

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WASHINGTON (Reuters) – The White House plans to ask Congress for an increase nfl headset in the debt limit before the end of the week, according to a senior Treasury Department official. The debt limit is projected to fall within $100 billion of the current cap by December 30. President Barack Obama is expected to ask for additional nfl trade jerseys borrowing authority to increase the limit by $1.2 trillion. Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days within receiving the request Reebok NFL jerseys to vote down the debt limit increase. The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request. (Reporting By Margaret Chadbourn; Editing by Neil Stempleman)

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