Thursday, January 23, 2014

U.S. Likely To Hit Debt Ceiling Sooner Than Believed

U.S. Likely To Hit Debt Ceiling Sooner Than Believed



The country's next fiscal crisis will come sooner than advertised. 



 Treasury Secretary Jack Lew on Wednesday sent a letter to House Speaker John Boehner (R-Ohio) warning that the country would likely exhaust the extraordinary measures used to stay beneath the debt limit by late February. In a previous letter to Boehner, Lew had projected the deadline might not be hit until early March.

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