This is just telling members of Congress what they want to hear:
Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
The United States is one of the few countries where Congress sets a ceiling on government debt, which creates "periodic uncertainty" over the government's ability to meet its obligations, Moody's said in a report.
They might as well elimitate it -- a "ceiling" that moves every time it's reached isn't much of a ceiling. Anybody still believe all that "Stop me before I spend again!" babble in Washington these days?
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If it comes down to the deadline, and they haven't voted to increase the limit, someone's going to point out that when it comes down to obeying a statute or obeying the constitution, the constitution wins, and in this case, the 14th amendment rules.
Congress needs to get a handle on spending. Spending the money, then stiffing your creditor, is not an acceptable substitute.