Great news: U.S. could hit debt ceiling again ... in November

Analysts from the Bipartisan Policy Center projected that the United States will hit its $16.4 trillion debt ceiling between late November 2012 and early January 2013 due to lower-than-expected corporate tax revenues and the recent extension of the payroll tax holiday.

A number of other factors, such as the ongoing financial crises in Europe, volatile gas prices and how quickly the U.S. economy continues to grow could push the debt-ceiling deadline forward or backwards, according to the center…

President Barack Obama’s fiscal 2013 budget also foreshadows an earlier-than-expected deadline. As of Sept. 30, the debt level is expected to hit $16.3339 trillion, running close to the statutory $16.394 trillion limit, according to the budget.