Every news channel has been keenly covering the government shutdown. Anybody who needs something done that requires governmental attention has their eyes glued to any news source. With all this hooplah around the shutdown, Wall St. fears there are bigger issues in play. The largest of all being the debt ceiling. The government could run out of money as soon as October 17. In fact, the Treasury would be left with only $30 billion in cash. For a country like the United States, that spells disaster. Consequently, the US must raise the debt ceiling or risk a historical default on its debt. The most viable solution being discussed by speculators is evoking the 14th Amendment, which would allow President Obama to tell the Treasury to keep borrowing. Although some Democrats fear this may bring about threats of impeachment from the Republicans, it is something that is necessary. For now, the government has a light responsibility. However, November 1 looms ahead and that is when Social Security payments, military paychecks and various other obligations come into play. According to several sources, November 1 is the hard deadline for Congress to come to terms with the debt ceiling. If nothing is done, the US economy along with the global economy would be sent back into the shackles of a major recession.