Post by bot on Feb 3, 2014 11:57:19 GMT -5
Congress must 'act now' on debt limit, Lew says
WASHINGTON (MarketWatch) -- Treasury Secretary Jacob Lew on Monday urged Congress to "act now" to raise the U.S. debt limit. "Time is short," Lew said, speaking at research organization the Bipartisan Policy Center, noting the debt limit is suspended through Friday. He repeated that Treasury would likely exhaust extraordinary measures to keep borrowing by late February. Republicans have said they want concessions for raising the debt limit. At the same time, House Speaker John Boehner has said Republicans don't want to default on the debt, calling that "the wrong thing."
WASHINGTON (MarketWatch) -- Treasury Secretary Jacob Lew on Monday urged Congress to "act now" to raise the U.S. debt limit. "Time is short," Lew said, speaking at research organization the Bipartisan Policy Center, noting the debt limit is suspended through Friday. He repeated that Treasury would likely exhaust extraordinary measures to keep borrowing by late February. Republicans have said they want concessions for raising the debt limit. At the same time, House Speaker John Boehner has said Republicans don't want to default on the debt, calling that "the wrong thing."
