Lew Urges Debt-Limit Rise as U.S. Nears Borrowing Ceiling
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Treasury Secretary Jacob J. Lew urged Congress to raise the debt ceiling as soon as possible, saying U.S. borrowing authority may not last past Feb. 27.
Extraordinary measures begun by the Treasury to remain under the debt limit “are likely to be exhausted in less than three weeks,” Lew said yesterday in a letter to House Speaker John Boehner, an Ohio Republican.