Arab Today, arab today us treasury no room to move under debt cap after october 17
Last Updated : GMT 04:51:42
Arab Today, arab today
Arab Today, arab today

US treasury: No room to move under debt cap after October 17

Arab Today, arab today

Arab Today, arab today 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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