Long considered just a "speed bump" in the budgeting process, the debt ceiling is in danger of becoming a serious roadblock.
And now the government is perilously close to the $14.3 trillion limit. Congress has never not approved an increase in the debt limit, but some members say this will be the first time.
Source:
http://www.npr.org/2011/05/01/135898608/whither-the-debt-ceiling
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