Treasury Quietly Warns: 'Expect Debt Limit to Be Reached Near End of 2012'

`` The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year--which means before the new Congress is seated--and that "extraordinary measures" will be needed before then to keep the government fully funded into the early part of 2013.. In October alone, according to the DTS, the debt subject to the limit increased by $195.214 billion.''