Therefore, Congress should limit the MID at a substantially lower cost to the federal budget.

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That deal put off further wrangling on the federal borrowing limit until mid-May.

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In short, since Congress is trying to find ways to reduce the budget deficit, it should limit the scope of the MID to the extent it does not promote home ownership.

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Government funding expires at the end of March and the debt limit will be reached again around mid-May.

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Mr. Obama will marshal a parade of Wall Street and Federal Reserve worthies predicting Armageddon if the debt limit isn't raised as early as mid-May.

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In the mid-20th century, elite car builders reached the effective limit of the materials (steel and aluminum) and engineering (body-on-frame) available.

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The deadline -- expected deadline for the debt limit to be increased is -- of course, could be between mid May and late July.

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Just yesterday, the Secretary of the Treasury once again asked Congress to remove the debt limit from the budget bill or, at the very least, to extend it through mid January.

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But Lynch sees a limit, and he believes the Saudis could push for a quota cut of 1 million bpd by mid-2007, bringing official cartel output to 29 million bpd.

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