Lew Urges Debt-Limit Rise as U.S. Nears Borrowing Ceiling


Derek Wallbank and Kasia Klimasinska
bloomberg.com
February 10, 2014

Treasury Secretary Jacob J. Lew urged Congress to raise the debt ceiling as soon as possible, saying U.S. borrowing authority may not last past Feb. 27.

Extraordinary measures begun by the Treasury to remain under the debt limit “are likely to be exhausted in less than three weeks,” Lew said yesterday in a letter to House Speaker John Boehner, an Ohio Republican.

House Majority Leader Eric Cantor’s schedule for votes for next week includes possible consideration of legislation related to the debt limit. No bill has been introduced.

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