Debt ceiling still likely to be raised before deadline

The Treasury’s November 3rd deadline for raising the debt ceiling is getting closer without any sign that Congress is close to a deal to raise the limit. Yields on Treasury bills scheduled to mature in early November have begun to edge higher, but the risk of any form of default is still pretty low. The departing Republican House Speaker John Boehner is apparently willing to push a clean debt ceiling bill through the House with the support of the Democrats, although it isn’t entirely clear that he has enough support within his own caucus to win a majority.