Congress turns attention to debt limit battle
By Rachelle Younglai and Richard Cowan
WASHINGTON (Reuters) - The Congress, struggling to avert a government shutdown next week, was warned by the Obama administration on Wednesday that the Treasury was quickly running out of funds to pay government bills and could soon face a damaging debt default.
Treasury Secretary Jack Lew pleaded with Congress to raise the $16.7 trillion debt limit and said the government would not be able to borrow funds past October 17.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.