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President Barack Obama speaks during an exclusive interview with The Associated Press on Friday in the White House library in Washington. The Treasury Department says the nation will hit its borrowing limit around Oct. 17. During the wide-ranging interview Obama didn't specifically rule out taking action on his own if Congress fails to increase the debt ceiling, but said he doesn't expect to get to that point. (AP Photo/Charles Dharapak)

White House open to short-term hike in debt limit

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WASHINGTON (AP) — Senate Democrats intend to introduce legislation by mid-week to raise the nation's debt limit without the type of unrelated conditions Republicans have said they intend to seek, officials said Monday, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default.


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