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>> JACK LEW Latest News

OCT 17, 2013 - Time

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Tomorrow Isn’t the Ultimate Deadline for Lifting the Debt Ceiling (But It’s Coming Soon)

Lawmakers in Washington are scrambling to get a deal done to raise the debt ceiling deal done before tomorrow, when the Treasury Department says it will have exhausted the extraordinary measures it has been using to avoid breaching the debt ceiling. Come tomorrow, it says, the U.S. government will have just $30 billion in cash on hand, which is much less than the government is legally required to spend on most days. But outside analysts have said that the Treasury is being conservative in this estimate. As Chris Kreuger of Guggenheim Associates wrote in a research note this morning, the ... Read More

Tags: Tomorrow Isn’t the Ultimate Deadline for Lifting the Debt Ceiling (But It’s Coming Soon),  Jack Lew Latest News