Raising the debt limit could be tricky

From Politico.com

Treasury Secretary Timothy Geithner met with the heads of several business trade associations earlier this week, asking for their support as he pushes Congress to raise the cap on how much the nation can borrow.

The meeting shows that the Obama administration is worried that the perennial task of raising the limit on the national debt could become a real political problem — especially since lawmakers have gotten an earful from angry constituents about government spending this August. Raising the debt limit has become a fairly routine task in recent history — under both Republican and Democratic administrations — but with polls showing Americans increasingly concerned about deficits, the vote is a little trickier right now.

Geithner sent a letter to congressional leaders last week asking them to quickly raise the current $12.1 trillion debt limit, warning that it could be hit as early as October. Congress last upped the debt limit in February when it passed the $787 billion stimulus package.