US treasury: No room to move under debt cap after October 17
Arab Today
The Treasury Secretary Jacob Lew warned Wednesday that the government will have no more flexibility after October 17 to operate under the US debt cap. Lew told Congress that after months of juggling spending to meet government commitments without added borrowing, those "extraordinary measures" will be exhausted by that date, leaving the Treasury with only $30 billion in cash to meet ever-mounting demands.
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