Post by bot on Sept 26, 2013 19:36:33 GMT -5
Lew: Steps to avoid debt limit run out Oct. 17
WASHINGTON (MarketWatch) - Emergency steps to keep the government from hitting the debt ceiling will run out on Oct. 17, Treasury Secretary Jacob Lew said Wednesday. Lew's comment, made in a letter to Speaker of the House John Boehner, add more clarity to prior estimates that the steps would run out in mid-October. Lew said that Treasury would have about $30 billion on hand to pay bills. "This amount would be far short of net expenditures on certain days, which can be as high as $60 billion," Lew said.
WASHINGTON (MarketWatch) - Emergency steps to keep the government from hitting the debt ceiling will run out on Oct. 17, Treasury Secretary Jacob Lew said Wednesday. Lew's comment, made in a letter to Speaker of the House John Boehner, add more clarity to prior estimates that the steps would run out in mid-October. Lew said that Treasury would have about $30 billion on hand to pay bills. "This amount would be far short of net expenditures on certain days, which can be as high as $60 billion," Lew said.
