Lew to Testify on U.S. Debt Limit Oct. 10 to Senate Finance

U.S. Treasury Secretary Jacob J. Lew is scheduled to testify before the Senate Finance Committee on the federal debt limit on Oct. 10 starting at 8:30 a.m., the committee said in an e-mail today.

Lew has said Congress needs to increase the $16.7 trillion debt ceiling or the government runs the risk of defaulting on its payments. The U.S. will have about $30 billion in cash left on Oct. 17, according to the Treasury Department.

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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